The country's leading peer-to-peer crowdfunding platform has confirmed the appointment of its new boss.
Roy Warren, who had been filling the role of managing director at Launceston-based Folk2Folk for the past few months in an interim capacity, officially replaces former CEO Giles Cross as the company’s new boss.
He was previously head of risk and loan portfolio at the company and comes with experience in corporate banking, asset finance, origination, risk and portfolio management over 37 years of senior level roles with Hill Samuel and RBS respectively.
Folk32Folk has also announced the appointment of four new non-executive board directors.
Alex Daly is a chief financial officer with an extensive range of both accounting, risk and business experience, while Graham Dingle brings 50 years’ small business experience with specialist knowledge of farming and agricultural businesses.
Justin Abbott is a technology leader with experience across both start-ups, scale-ups and large corporates and Megan McCracken is a strategy and transformation executive with over 20 years of experience across global businesses, including HSBC and Citigroup.
Meanwhile Folk2Folk co-founder Mark Parnall has stepped down from the board to focus on his other businesses, but remains a major shareholder.
Mr Warren said: "I am in no doubt the company will benefit from the perspectives they offer and the enthusiasm they bring. I look forward to leading Folk2Folk onto its next stage of development.
"I would like to personally thank Mark Parnall for his significant and vital role in bringing Folk2Folk from concept, through start-up to becoming the Local Lending Movement it is today."
