Online invoice peer-to-peer specialist MarketInvoice has announced the appointment of Shaun Alexander as Head of Risk. Alexander is a highly regarded senior management level professional with over 30 years’ experience in retail and corporate banking, namely at Barclays and Santander, where he led teams focussing on asset-based lending and business finance.

Alexander began his career at Barclays in 1984 where, over a 22-year tenure, he worked across various credit risk roles responsible for the development and implementation of lending strategy and policy for corporate and SME portfolios ranging £2.5bn to £90bn. He was promoted to Head of Credit for SMEs in 2004 before moving to Oliver Wyman in 2007. As Head of Credit there, he set up the credit underwriting function for a new business venture with Deutsche Bank lending to UK SME businesses. In 2008, Alexander joined Banco Santander becoming the Head of Risk for Asset-Based Lending to manage credit risk across the invoice finance and asset finance product range.

Ilya Kondrashov, COO and co-founder of MarketInvoice commented: “We have been steadily strengthening our management team over the past 12 months and Shaun’s addition enhances our team further. He brings over 30 years of experience from the conventional lending institutions. Shaun understands the business finance needs of companies of all sizes”

“As we grow, in handling the scale and volume of interest in the business, it is imperative that we have the resources to deliver on our customer promise whilst delivering the highest quality risk tools. As such, adopting the latest technology is key to driving success”