Online lender SocietyOne has appointed Melanie Cochrane and Jamie McPhee as independent non-executive Directors. Cochrane is a former Senior Vice President at American Express, where she led the Merchant Services business for the Asia Pacific region and, prior to that, Corporate Payments.
McPhee has extensive financial services experience as the former CEO of ME Bank, Executive Director of Bendigo and Adelaide Bank Limited and Managing Director of Adelaide Bank. McPhee also served as a Director of Rural Bank and the Melbourne Renegades.
SocietyOne CEO Mark Jones said the two new directors will bring significant and relevant corporate experience to SocietyOne and equip them with capabilities that will help to sharpen their strategic focus and accelerate the momentum the business is enjoying.
“I’d like to personally welcome both Jamie and Melanie to the team and am looking forward to their contributions.”
Cochrane said this is an exciting time for SocietyOne in its growth journey, and she sees a “very bright future.”
“SocietyOne is at an extraordinary time in its journey. I am pleased to be joining the Board and having the opportunity to contribute to the next phase of the company’s growth and development,” said McPhee.
Since launching the business in August 2012, SocietyOne has provided more than $1 billion in total lending for over 35,000 borrowers. Its broker distribution channel is said to have driven more than $70 million in loan originations since its launch 16 months ago. SocietyOne offers unsecured personal loans for up to $50,000.