Funding Circle expands team
Aristou joins Funding Circle from ING which has recently announced its withdrawal from the asset finance market. Previously he worked at Abbey National Business Finance for four years.
Aristou said: “ING was a mainstay in the asset finance market and their exit means there is approximately £1bn of funding for businesses that needs to be found.
“I am excited by the potential of Funding Circle to help fill this gap.”
Shave joins Funding Circle from Northern Trust and will be tasked with building relationships with UK-wide intermediaries.
Shave said: “It’s an exciting time to be joining the business. The growth of Funding Circle over the last two years has been very impressive and it’s clear that the intermediary market now views peer-to-peer lending as a mainstream way for their clients to borrow.”
Laura McMullen, business development director at Funding Circle, said: “Since the turn of the year, we have experienced considerable interest from the intermediary market across all our products, particularly in asset finance.
“It is clear that new non-bank channels are stepping up and filling the gap left by the departure of traditional providers.
“I am very pleased to welcome Ari and Tom to our team.”