4finance Group names new CEO

By Daniel Lanyon on Tuesday 26 June 2018

Editor's PickAlternative Lending

The online consumer lender has a new chief, its third in just over a year.

4finance Group names new CEO
Image source: https://goo.gl/whWsBX

One of Europe’s largest digital consumer lenders 4Finance has appointed Oyvind Oanes as its new group CEO.

Taking over the reins from Mark Ruddock, who was has been interim CEO for the past year, Oanes will be the firm's new chief from 1 August 2018. Ruddock will return to the group’s supervisory board.

Oanes joins from the role as CEO of Numbrs Personal Finance AG, a fintech consumer banking platform with growing operations in Germany and the UK.

He has nearly two decades of experience from retail banking and has held senior roles across Europe, including building a consumer finance business for GE Capital in Russia, heading up the turnaround of Austria's Bawag PSK's retail banking business and running Raiffeisen Bank International's multi-country online bank ZUNO.

“[He] brings a wealth of experience in various critical areas of consumer lending across Europe, with emphasis on CEE, and has considerable experience of developing digital and mobile-first transactional and deposit-taking platforms,” said Lado Gurgenidze, Chairman of the Supervisory Board of 4finance Group.

“I’d like to thank Mark Ruddock for laying down the foundations of 4finance’s transformation over the past year, and I look forward to continuing to work with him on the supervisory board moving forward,” he added.

Ruddock says over the past year the firm has been investing heavily a new IT platform, user experience and has completed a securitisation and launched a new funding platform.

“All four areas of strategic emphasis are now at the point of implementation, and I am proud of the progress the company has achieved in the last year. We have identified a great CEO for the business, and I look forward to working with Oyvind to continue to realise the potential of 4finance,” Ruddock said.

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