LendInvest hires Roy Armitage from Kensington
Armitage was head of risk and compliance/financial crime at Kensington, while he has also worked as a credit risk manager and head of risk development & implementation in 14 years at Kensington.
Earlier in his career Armitage held a number of mortgage and retail financial services roles for Halifax, including area manager for Bristol. After two years working for JP Morgan, Armitage joined Kensington Mortgages who were subsequently purchased by Investec in 2007. Armitage is a Fellow of the Chartered Bankers Institute (FCIB), CeMAP and CeRGI.
Christian Faes, co-founder and chief executive of LendInvest, said: “With his wealth of experience and his enthusiasm to help build a nimble, fast-growing company like LendInvest, I am delighted that Roy is joining us.
“Under his leadership, our risk & underwriting team can develop the sort of market-leading checks and balances that our customers and creditors expect from us.
“Dedicated credit oversight became more important than ever when we received the P2P industry’s first credit rating this summer. The demand for clear credit controls will only increase as we seek more recognised ratings in the coming months.”
LendInvest originated close to £400m of loans spanning between one and three months in 2013.
Armitage added: “LendInvest does things in a more innovative way than traditional mortgage lenders, but at its core are sound mortgage lending processes and procedures.”