Peer-to-peer business lender, Assetz Capital, has appointed Chris Macklin as chief risk officer.
With over 35 years of experience at RBS/NatWest, including four years as head of complex customer management and strategic relationship management, Chris Macklin brings to the company a wealth of knowledge and experience in strategic, credit and risk management within the financial sector.
In his new position, and with his extensive experience in working with thousands of SMEs, Chris will build on Assetz Capital’s leading position in risk management within the peer-to-peer market.
As chief risk officer, Chris will head up all of the risk management operations of the company, as well as building on the established and functional risk management framework already in place across the business.
Macklin says: “There is so much potential in alternative finance, and Assetz Capital is one of the leading lights. While the traditional banking sector is saddled with many legacy challenges that it is struggling to address, it does have a very mature approach to risk. I’ll be ensuring we learn from this and ensure that Assetz Capital continues to be the industry benchmark when it comes to managing risk.”
Stuart Law, CEO and co-founder at Assetz Capital, adds: “Chris brings extensive risk management experience at a time when our business is going from strength to strength, with significant growth in the loan book and the investor base.”
“We always want to lead the peer-to-peer market when it comes to risk management – we know that this rigour ultimately benefits both our investors and borrowers. With Chris’ appointment, we are aiming to go further and establish the best-practice standard in the wider alternative finance industry.”