Peer-to-peer lending platform RateSetter has appointed Joanna Wright as Chief Risk Officer. She will start in the role on 11th September. Wright joins RateSetter from GE Capital where she was Chief Risk Officer for GE Capital Bank in the UK, leading a team of over 200 risk professionals with responsibility for prudential and enterprise risks across the bank. She was a member of the Executive Board and chaired the Enterprise Risk Management Committee.
As Chief Risk Officer at RateSetter, Wright will be responsible for overseeing and managing credit risk across the consumer and commercial lending businesses as well as operational and conduct risk for the wider business. She will be a member of the Executive Team, attend meetings of the Board and sit on the Board Risk Committee.
Rhydian Lewis, RateSetter’s founder and CEO, said: “Excellent risk management is central to our business and over the last couple of years we have gradually built up a very good team of experienced people. I am delighted that Joanna is joining the team to provide leadership and to help us manage the next stage of our development.”
RateSetter has grown significantly since its launch in 2010. On the borrowing side, it has diversified across multiple channels and across both consumer and business loans. On the investing side, RateSetter pioneered many firsts in the sector, including the Provision Fund model, which has made it popular with retail investors. It currently has over 300,000 active investors and borrowers on its platform, making it one of the largest FinTech businesses in the UK.