InvestUP, the crowdfunding investment portal and portfolio management tool for peer-to-peer (P2P) and crowd funded lending platforms, has appointed Cary Depel as its new compliance and legal director.
Depel has more than 20 years’ experience in the law having begun his career as an intellectual property associate at law firm, Crosby, Heafey, Roach & May. He received his BSc in business and law from Indiana University in the US, and most recently his Master of Law qualification from King’s College London. He will be responsible for all compliance and legal activity at investUP.
From 2008-2010, Depel served as general counsel and HR director at LMAX Exchange, a retail derivatives exchange platform, having previously gained professional experience as legal director at ECU Group and IFX Markets.
Depel has also served as a non-executive director for a number of technology firms and is a member of the leadership council for the Chartered Property Casualty Underwriters (CPCU) society.
“It is an exciting time as the industry is looking at crowdfunding as a major new way to finance the economy and fund entrepreneurship,” said Depel, in regard to his new post. “investUP is well placed to work with the crowdfunding sites and individual investors to transform the way that investors manage their entire investment portfolio. I look forward to working with the team.”
investUP is a crowdfunding supermarket, which allows investors to lend and invest across P2P consumer, business and equity websites using just one account. The idea is to enable investors to build up one centralised portfolio. It was founded by James Tuckett, Chris Bradbury and Dom Wolf in 2012, and already has partnerships with 13 crowdfunding sites.