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RateSetter appoints Head of Lending Operations PDF Print E-mail
Tuesday, 12 May 2015

In another move to support its growing business, RateSetter has appointed Colin Hodges as Head of Lending Operations.

Hodges joins RateSetter at a time of rapid growth and increasing interest from wealth managers and institutional investors. He brings his experience of UK fund distribution to explore how the attractive risk-adjusted returns of the asset class can be made more easily available to a wider range of investors.
Hodges has over 28 years of experience working in financial markets, in asset management and investment banking. He joins RateSetter from Frontier Gottex where he was Chief Operating Officer, overseeing the company’s product range and UK distribution strategy as well as the operational infrastructure of the business.
Prior to this he spent seven years with Gartmore Investment Management, as Chief Executive of Gartmore’s Japanese business in Tokyo before returning to London to manage the product range and marketing functions for its European Retail Business.
Hodges commented: “Peer-to-peer lending is gaining scale and garnering interest from wealth managers and institutions. As the platform with the largest current monthly volumes, RateSetter offers depth. I am looking forward to growing this area of the business, alongside RateSetter’s core, and rapidly expanding, retail customer base. I became a peer-to-peer lender myself with RateSetter and so saw first-hand what is going on – I was then keen to join this industry.”
Rhydian Lewis, CEO and Co-Founder of RateSetter, commented: “We are timing our run with regard to speaking to bigger pools of money and I am delighted that we have brought Colin in with all of his experience in both the retail and institutional markets. Our objective is to build the biggest lending and borrowing market in the UK and for the RateSetter rate to become a benchmark rate. Colin knows the product and is going to be a big help.”

(Source - RateSetter Press Release)


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