Powered by MOMENTUM MEDIA
Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Former bank CEO joins P2P lender

vaughn richtor

vaughn richtor
Reporter 1 minute read

Peer-to-peer lender RateSetter has appointed former ING Direct chief executive Vaughn Richtor to its Australian board of directors.

Mr Richtor has a wealth of experience in the banking sector, having served as the chief executive of ING Retail Banking Asia prior to becoming CEO of ING Direct.

RateSetter chief executive Daniel Foggo said the business was “delighted” to have Mr Richtor on the board.

“Vaughn’s track record in building loan market share in Australia is unrivalled. His focus on customers, innovation, culture and leadership has positively transformed our financial system, and helped put more money in people’s pockets,” Mr Foggo said.

“We welcome his contribution to the next phase of our evolution as we continue to grow Australia's leading retail and SMSF investor peer-to-peer loan marketplace.”

Mr Richtor said he was “extremely excited” to be working with RateSetter, saying peer-to-peer has “the potential to introduce more competition in financial services” and ultimately benefit the end consumer.

“At ING Direct we changed customers’ expectations of what a bank can offer and I see a similar opportunity for RateSetter to shake up the status quo, given the company’s ability to offer great value services to customers, whether they are lending or borrowing,” he said.

[Related: Bank boss offers fresh take on culture and conduct]

Advertisement
Advertisement

PROMOTED FEATURES


Former bank CEO joins P2P lender
vaughn richtor
TheAdviser logo
vaughn richtor

 

more from the adviser
house coins ta Aussie reports record spike in pre-approvals

The major brokerage has reported a record increase in home loan p...

Money jar Facebook launches SME grants program

The social media giant has commenced processing applications for ...

uptick Aggregator reports surge in settlements

Purple Circle Financial Services has reported a record increase i...

FROM THE WEB