This morning Landbay, the buy-to-let focused peer-to-peer mortgage lender, announces the appointment of Julian Cork as Chief Operating Officer (COO).
Julian will join co-founders John Goodall and Gray Stern in overseeing Landbay's business operations as the business continues to grow rapidly.
Julian brings over 20 years of experience working in the investment banking sector. He began his career in the technology team of JPMorgan, before being promoted to Managing Director and Head of the Global Derivatives Services business. After 15 years at JPMorgan, Julian moved to Macquarie Group as Global Head of technology for the Corporate and Operations Groups. Julian's international experience in institutional banking includes work in New York, Tokyo, Sydney and London.
Landbay aims to build £1 billion loan book within the next four years. Julian will play a vital role in setting business strategy and improving the business's operational structures to meet its growth targets.
He will also play a key part in the development of Landbay's individual savings accounts (ISA) offer after the government announced it is to include peer-to-peer lending in ISAs.
John Goodall, co-founder and CEO of Landbay comments:
"Julian's fantastic hands-on management experience in banking and technology will be incredibly useful as we put in place the operational structures we need to continue our growth. His deep understanding of wholesale financial services means that he is perfectly placed to help us to develop new strategic partnerships with institutional investors, who are increasingly attracted to Landbay's innovative model."
Julian Cork reacting to his appointment adds:
"Landbay's rapid growth since launching last year is impressive and I look forward to helping steer the business through the next phase of its development. Landbay has a fantastic proposition and this is a really exciting time to be joining the team. The inclusion of P2P within ISAs will be a big opportunity for the sector as a whole, and Landbay is perfectly placed to benefit because of the way it mitigates risk for for lenders."