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]
Mark Hewitt, general manager, industry and partnership development at Australian Finance Group (AFG) will commence as...
Following its launch of an early commission payment product to brokers using the effi platform, cash-flow solutions...
According to Grow Finance (Grow), David Keeling’s appointment, which commenced on 11 April, is part of a broader...
Most Talked About
Major bank CEO backs fees-for-service model
by Charbel KadibShadow treasurer says government has ‘got it wrong’ on trail
by Annie KaneOpen letter to CBA CEO Matt Comyn
by ReporterTreasury: Trail to be banned next year
by Annie KaneRemove trail, says final Productivity Commission report
by Reporter