– UK, London – Funding Circle Holdings plc (LON: FCH), the UK’s leading SME lending platform, announced the appointment of Ken Stannard to its Board as non-executive director and Chair-designate effective from 1 January 2025. Ken Stannard will succeed Andrew Learoyd as Chair following the AGM in May 2025.
Ken Stannard will join the Nomination and Remuneration Committees on 1 January 2025 and will serve as Chair of the Nomination Committee following the AGM.
Geeta Gopalan, Senior Independent Director, said, “We are delighted to welcome Ken to the Board at an exciting point in Funding Circle’s journey. His experience across a range of credit businesses will be invaluable to Funding Circle and its future strategic development.”
The Company also announced that Matthew King will step down from the Board on 31 December 2024.
About Ken Stannard
Ken Stannard brings almost 30 years of experience in credit, lending, and payments, having held senior executive roles at Lloyds Banking Group, Capital One, and American Express. Most recently, as CEO of Cabot Credit Management, he grew the company into one of the largest and most profitable credit management services companies in Europe. Amongst other private company non-executive roles, Ken is currently chair of Castle Trust Bank, an innovative provider of savings accounts, specialist mortgages, and retail finance solutions.
Ken Stannard said: “I am delighted to be joining Funding Circle and I look forward to working with the Board and the executive team to drive forward the Group’s strategy and ensuring that it continues to create significant value for all stakeholders.”
About Funding Circle
Funding Circle is the UK’s leading SME lending platform. Its mission is to build a place where small businesses get the funding they need to win. Funding Circle enables small businesses to access funding – offering an unrivaled customer experience powered by data and technology. For institutional investors, Funding Circle provides access to an alternative asset class in an underserved market, with robust and attractive returns. Globally, Funding Circle has extended more than £16bn in credit to c.150,000 businesses.
For more https://www.fundingcircle.com/uk/
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