Salad Money appoints new Chair

Community lender, Salad Money has announced the appointment of Alex Marsh as Chair of its board.

Marsh will succeed Sir Tim Melville-Ross who held the role since Salad’s launch in 2019. The firm called it an important milestone as it continues to develop its lending platform, having become the UK’s largest community development finance institution (CDFI) and the first to be registered as an Account Information Service Provider with the FCA.

Marsh brings over 20 years of leadership experience in financial and professional services, with a proven track record of harnessing technology to drive growth in the fintech and consumer lending sectors. As the former UK CEO of Klarna and a Chartered Accountant, Marsh joined Salad as a Non-Executive Director in 2023.

In addition to his role at Salad, Marsh is a Non-Executive Director of the Centre for Finance, Innovation and Technology (CFIT) and advises several fintech businesses. He is also Chair of Trustees for Charterpath, a charity he co-founded to connect schools and charities with volunteer financial expertise.

Marsh assumes the Chair role at a time of rapid growth for Salad Money. Over the past five years it has lent more than £130 million to over 90,000 customers, earning over 9,600 five-star Trustpilot reviews. As pioneers in using Open Banking data to power lending decisions, it has set a new standard for fairness and transparency in credit, while also equipping consumers with tools to strengthen their financial resilience.

Tim Rooney, CEO of Salad Money, said “It’s a bittersweet moment to welcome Alex as we wave Sir Tim off to enjoy a well-earned retirement. Sir Tim has been instrumental in building Salad to the company it is today on a foundation of fairness, innovation, trust and great talent and I want to thank him for his wisdom and insight. Alex is part of the new wave of talent we must attract whose skills will be so vital as we seek to reach our next stage.”