A quick update on nascent peer-to-peer mortgage lender Landbay – which has just made an exciting appointment to its board of directors.
Robert Burgess – formerly of Alliance Trust, Lloyds TSB, Scottish Widows and Thomas Cook – has joined the Landbay team. The above roles aside, Mr. Burgess also served as a Co-Founder of Exchange Associates, which was established in 2013 as the first dedicated lender and permanent capital provider in the peer-to-peer space. That vehicle – backed by Marshall Wace and partnered with Liberum – has since morphed into what we now know as P2PGI. P2PGI has raised £450 million over the past year – of which at least £200m is fully deployed.
Tony Ward, Chairman of Landbay, commented:
“The appointment of an original peer-to-peer pioneer and retail finance stalwart to the board of Landbay is a significant step forward. Robert brings with him a sense of innovation and passion for the disintermediation of the traditional Banking model, whilst providing decades worth of retail financial services expertise. His recent work with the peer-to-peer sector is also highly valuable to us.”
Mr. Burgess joins a board of directors that currently features Tony Ward himself, Landbay Co-Founder John Goodall and Gray Stern, CEO of Capital Bridging Finance John Jenkins, CEO of mortgage lender and servicer Paratus AMC Hans Geberbauer and senior accountant Julian Sutton.
Mr. Burgess himself weighed in:
“I am hugely looking forward to working with the strong and ambitious team at Landbay. Their model of coupling the security of the buy-to-let mortgage market with peer-to-peer technology looks set to be a huge hit in 2015 and beyond.”
The appointment is the latest in a heap of high profile board additions that have taken place over the past year. These experienced hands will have an important role to play in ensuring that the sector continues to grow in a sustainable fashion. .