David – who has 30 years of experience in portfolio management and securities – will help ArchOver to develop products and propositions to grow the patient capital operating over the platform.
“As an ArchOver lender in my previous role, I was impressed by the spirit of excellence and fairness in the team, and I’m excited to become a part of that,” said David.
“I see a company that’s built a solid business model through a deep understanding of both the lender and borrower perspectives.
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“Now it’s time to scale up engagement with both and put the ArchOver name front of mind among leading funds and family offices – we’ve got the people and the service to make it happen.”
Tom has over a decade of experience in finance and will help ArchOver’s senior leadership plan a course for profitability as the new head of finance.
ArchOver has facilitated £70m in loans to date, and Tom hopes to help the platform reach its target.
“As P2P platforms grow, they have to expand two objectives in tandem: growth in the lender base, and growth in the borrower base,” said Tom.
“ArchOver has a great track record of balancing those two streams by treating borrowers as individuals and providing a high level of lender security.
“I am building on that advantage as we push for £100m in total lending.
“ArchOver provides a quality service, and I’m looking forward to helping the business sustainably scale up by matching growth in borrowers and lenders.”