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|Alder more deputy CEO takes role at CrowdProperty|
|Tuesday, 07 June 2016|
CrowdProperty.com, the specialist property peer-to-peer lending platform, today announces the appointment of Mark Stephens to the role of Non-Executive Director.
Mark was Deputy Chief Executive and Group Commercial Director at Aldermore Bank, one of the leading challenger banks in the UK market, which also underwent a successful IPO in March 2015. Mark has over 35 years’ experience in the banking and property lending industry.
Mark joins the board alongside Simon Zutshi, CEO and Founder, Mike Bristow, Co-Founder & Non-Executive Director, Andrew Hall, Director and Co-Founder.
This appointment comes as CrowdProperty breaks through the £5m mark of funds raised from private individuals, which represents a 127% year to date increase on lending of £2.3m in 2015.
Out of the 15 projects successfully funded by the crowd, four of these have already paid back in full, on time, with approximately 80% of the money returned to lenders has already been re-lent to other projects.
Simon Zutshi, CEO, CrowdProperty, said: “For Mark to join our team is testament to the journey we have been on so far, and a recognition of the opportunity that lies ahead. His experience of working in senior roles at global financial institutions will help us enormously as we manage the next phase of our growth. I am looking forward to Mark helping us make this business even more successful.”
Mark Stephens, Non-Executive Director, CrowdProperty, said: “The growth of peer-to-peer lenders has been a welcome development in the UK’s financial services market and they offer an excellent and complementary alternative to conventional retail banks. I can’t wait to bring my experience in the banking world to the peer-to-peer market and CrowdProperty was the obvious choice from my perspective to realise this ambition.”
CrowdProperty was launched in 2014, when property professionals were not securing the financing they needed to make profitable property developments happen, and consumers weren’t receiving the interest they would like from their savings. The CrowdProperty model of allowing people to lend their money to property professionals is a simple but effective solution and the success achieved is proof of the market’s demand.”
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