MarketFinance co-founder steps down as director
MarketFinance co-founder Ilya Kondrashov has stepped down from the board.
Kondrashov co-founded MarketFinance – which was then known as MarketInvoice – in 2011, and acted as the company’s first chief operating officer.
He went on to become managing director from 2018 to 2021, before moving into a role as board director in charge of the risk committee in January 2021.
Kondrashov’s position on the MarketFinance board was terminated on 8 September 2022, according to documents filed with Companies House.
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According to his LinkedIn profile, Kondrashov took on a new role as chief executive at quantitative venture fund Quantum Light in September 2022.
MarketFinance co-founder and chief executive Anil Stocker confirmed Kondrashov’s departure from the board in an email to Peer2Peer Finance News, saying: “We’re making some changes to our board format.”
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Earlier this year, Zopa co-founder Giles Andrews stepped down as chairman of MarketFinance after more than five years in the role. At the time, Stocker told Peer2Peer Finance News that more board changes were on the horizon.
MarketFinance’s board of advisers includes Baroness Susan Kramer, the Liberal Democrat member of the House of Lords; and Shalini Khemka, chief executive and director of E2Exchange.
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