A marketplace lender has announced the appointment of a former Commonwealth Bank executive to the role of chief operating officer.
Wisr has announced the appointment of Mathew Lu, a former executive manager of retail and credit cards at the Commonwealth Bank, to the role of chief operating officer (COO).
Mr Lu holds experience in the Australian unsecured consumer finance industry with 18 years of experience in senior financial services and payment technology roles.
The new appointee will be responsible for operations across the business with a specific focus on the execution of innovation through technology and managing end-to-end customer processes.
Wisr’s chief executive officer, Anthony Nantes, welcomed Mr Lu’s appointment, saying: “The appointment strengthens the company’s already impressive executive team and technology focus.
“Mathew has an incredibly strong financial services background coupled with a technology mindset which will help our operations and find the right balance of automation, speed and quality across our customer journey.”
Commenting on his appointment, Mr Lu said: “This is an exciting and rapidly growing area of the finance industry.
“I’m already very impressed by the Wisr team, strategy and vision, and am excited about how well the company is positioned to meet the changing expectations of Australians to deliver smarter, fairer and wiser financial outcomes.”
Mr Lu’s appointment follows the recent senior appointments of James Goodwin as head of marketing and Karen Taylor as head of strategic partnerships.
[Related: Regional bank invests $25m in P2P lender]