Growth Street officially announces change of CEO with founder Greg Carter taking over.
Growth Street, the alternative overdraft platform, has replaced former Wonga man James Sherwin-Smith (pictured above) as CEO. Founder and former chief risk officer Greg Carter has now taken the reins as CEO. The decision has been called a mutual one, and was seemingly taken late last year.
Sherwin-Smith has piloted Growth Street since its launch in 2015. Under his stewardship the firm has topped £50m in funds lent to small businesses. He also oversaw the launch of Growth Street's investor-facing platform, which operates under authorised representative status.
The management switch appears to have taken place under reasonably amicable circumstances, with each side thanking the other and offering well wishes for the future.
“The whole Growth Street family is incredibly excited for the year ahead and I look forward to building on James’ fantastic work,” said Carter.
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.