Paratus AMC hires non-exec chairman
Kuffeler was formerly chief executive and chairman of Provident Financial PLC over 23 years, while he will remain the chairman of Marlin Financial Group and Hyperion Insurance Group.
Hans Geberbauer, chief executive of Paratus AMC, said: “We are very fortunate to be able to appoint a man of John’s calibre and track record as our new chairman.
“The businesses he has built and led stand out for their long-term success in often challenging economic and regulatory environments and are notable for placing their innovative use of data and technology at the core of their strategy.
“We are delighted to have John on board and to draw on his experience and expertise to grow Paratus AMC and Foundation Home Loans into a major player in the specialist lending market, and Funding Empire into a first market place lending platform.”
Paratus AMC launched the Bracknell-based buy-to-let lender Foundation Home Loans in February and acquired a majority stake in peer-to-peer lending platform Funding Empire last week.
Kuffeler added: “I am looking forward to bringing my experience to bear in helping Hans and his board take advantage of the trove of credit data and the robust platform to grow Paratus AMC, Foundation Home Loans and Funding Empire into leading lending businesses.”