David Ruddiman, Managing Director & CEO of LendEx, commented:
"We are extremely pleased to have someone of Christopher (“Chris”) Burnham’s standing join our newly established Advisory Board ahead of our first external capital raising and upcoming platform launch here in Australia. Chris has an exceptional corporate and public service track record, with decades of leadership skill in corporate finance and government policy, all of which offers an ambitious FinTech start-up like LendEx a truly global perspective on how we intend going about establishing and expanding our business”.
Mr. Burnham is the former Vice Chairman of PIMCO, which has $1.68 trillion of assets under management. Chris was formerly the Vice Chairman and Managing Director of Deutsche Asset Management and global co-head and co-founder of Deutsche Bank’s private equity investment group in New York.
Earlier this year the platform added a number of other prominent names to its board. Those names include Kim Jenkins, the former Managing Director & CEO of Experian Australia and New Zealand; part of the UK publically listed Experian Group. This company is a global leader in consumer and business credit reporting and marketing services. Prior to that Kim served as the CEO of Consumer Segments & Head of Strategic Delivery for FirstRand Bank, one of the four largest banks in Africa with a market cap of A$32 billion. Robert Hines is also on the LendEx advisory board. He is the former CFO and Group Executive Retail Financial Services of two of Australia’s leading regional banks with a combined market cap of A$23 billion.
Many platforms are adding influential and experienced business people to their boards. For example Payoff have had Arianna Huffington and Mohamed El-Erian sign up. The board members at LendEx shows the potential that the Australian alternative finance market has and that it will continue to mature this year.