Former Virgin Money MD appointed new head of borro

Online short term asset lender borro has appointed Claire Gates as its new managing director.

Having previously led the retailer and partnership section of GE Capital in Central & Eastern Europe, Gates was most recently managing director at Virgin Money, where she established Virgin Money Canada.

borro’s investors include Eden Ventures, European Founders, Kreos Capital, Augmentum Capital and Octopus Investments.

Paul Aitken, CEO and Founder of borro, says: “Claire brings a wealth of consumer finance leadership to the business.  Given our growth plans her international experience will also be used to the full.  We are thrilled to welcome Claire to the team.”