RateSetter has appointed Michael Hoare as Head of Risk Analytics and Retail Credit. Hoare joins from PayPal UK, where he was Chief Credit Risk Officer, overseeing underwriting, customer management and collections strategies for unsecured consumer and small business lending. Before PayPal UK, Michael worked at Capital One, where he held a number of positions including Credit Risk Management Director, Head of Portfolio Management, and Head of Third Party Marketing.

Hoare joins an established risk team which reports into RateSetter’s Risk Committee. The Committee is chaired by Jim Gunner who was previously Senior Executive for Group Risk at HSBC Holdings plc.

Rhydian Lewis, CEO and co-founder at RateSetter, said “Managing risk is central to what RateSetter does, and we’re pleased to welcome an experienced specialist like Michael to our team. He will play a key role in helping us grow sustainably over the long term.”