Assetz Capital’s chief commercial officer departs

ASSETZ  Capital’s chief commercial officer Rob Pailin has stepped down, Peer2Peer Finance News can reveal.

Pailin (pictured) resigned due to personal circumstances and has been replaced with managing director and co-founder David Penston, according to an emailed statement from the peer-to-peer business lender. Pailin has also stepped down from his role as a member of the board of directors.

“During his two and half years with the company, Rob carried out an important role as Assetz Capital has grown strongly to become the second largest business P2P lender in Europe, with over 100 employees,” said a company spokesperson.

“He leaves with everyone’s best wishes and our great thanks for helping to grow our company performance, governance and team to the next level.”

Pailin joined Assetz at the end of 2016, in a wide ranging role which included overseeing the development of the company’s regional offices. Over the past two years, Assetz Capital has added regional bases in Scotland, Northern Ireland, Yorkshire, Wales and the North of England.

Pailin previously worked at RBS Corporate, where he was managing director of the bank’s corporate business in the North. He previously acted as chief operating officer for RBS Corporate EU Divestment team.

Read more: Assetz Capital raises £1.86m on Seedrs