Lendermarket appoints Carles Federico as chief executive
Lendermarket has named Carles Federico as chief executive, taking over from interim boss Connor Gibney.
The new appointment takes effect this month. Gibney took on the interim chief executive role in June, replacing Endrik Eller.
The Dublin-based peer-to-peer lending marketplace expressed its “greatest gratitude” to Gibney, for heading up the team during a “crucial transitional period”.
“Throughout this phase, our primary objective was to harmonise Lendermarket’s legal and financial operations with the rigorous European licence requirements mandated by the Central Bank of Ireland,” Lendermarket said. “With Connor’s guidance, we have accomplished this pivotal milestone in our journey towards becoming a licensed P2P marketplace, setting a strong foundation that empowers us to now confidently pursue our other strategic objectives.”
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The platform said that Federico has more than 15 years of experience in managing teams and has substantial working experience with its biggest lending partner.
“His in-depth knowledge of the P2P industry and his remarkable ability to foster robust collaborations between P2P marketplaces and lending companies makes him a valuable asset to our team,” Lendermarket said.
Federico’s main task for the forthcoming quarter will be to lead strategic initiatives aimed at enhancing the performance and reliability of the platform, with a particular focus on addressing pending payments.
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Lendermarket said he will personally supervise the streamlining of processes, the improvement of communication with loan originators and the introduction of measures to reduce pending payments.
“This undertaking underscores his commitment to delivering a secure and fulfilling investment experience for all our stakeholders,” the firm said.
“We are thrilled to chart a course for Lendermarket towards even greater success. We deeply appreciate your ongoing support and collaboration – our cherished investor community is indispensable to our progress.”
The announcement comes after Lendermarket recently saw its total account value reach €50m (£42.9m), which it attributed to “rapid growth” over the past year.