LendInvest has hired Stephan Wilcke, former executive chairman of OneSavings Bank, as a senior adviser.
Wilcke’s has worked in financial services for 25 years including leadership roles at commercial, government-backed and regulatory bodies. He was executive chairman of OneSavings Bank until it became the first challenger bank to float on the stock market in London in June 2014.
During his tenure the management team implemented a turnaround strategy culminating in its stock market listing at a value of £410m. After flotation, Wilcke continued to serve on the bank’s board as a non-executive director until May 2016.
Previously Wilcke was chief executive of HM Treasury’s Asset Protection Agency, that ran from 2009 to 2012 to help the UK’s embattled banks repair their balance sheets and stem losses caused by toxic assets.
He is currently a commissioner of the Jersey Financial Services Commission, and chairman of Amigo Loans, the UK’s largest guarantor lending business. He is a former non-executive Director of Greece’s Hellenic Financial Stability Fund.
At LendInvest, he will advise on corporate strategy to reach the broader mortgage market. He has been an investor in LendInvest loans both professionally and personally for a number of years.
Wilcke says: “Having followed the progress of the team for the past three years in various capacities, I have been incredibly impressed by what LendInvest has achieved.
“They are building a company with a distinctive culture that blends maturity with a desire to do things differently. It’s an exciting time to come on board.”
Co-founder and chief executive Christian Faes adds: “LendInvest is now a leading name in specialist property finance, but we make no secret of our goal to be a mainstream financial services brand.
“The financial services world is one that’s subject to ever-growing layers of regulation, with new entrants like us under intense scrutiny. An open door to Stephan’s battle-hardened skills and extensive network will be invaluable to us as we continue to grow.”
LendInvest was founded in 2013 and has now originated over £660 million of loans for borrowers seeking mortgage finance on terms lasting up to three years.