ING’s former head of third-party distribution, who led relationships with financial advice and mortgage broking networks, has left to join fintech peer-to-peer lender RateSetter.
ifa sister title The Adviser has reported that Mark Woolnough has left ING Group to work with RateSetter and "accelerate" its distribution strategy.
The fintech, which was founded in the UK in 2009 and was established in Australia in 2012 before launching to the Australian public in 2014, connects investors with borrowers to provide a range of loan products, including personal, automotive and green loans.
It said that the appointment was a “major win” for the company and would help “supercharge RateSetter’s fast-growing presence in the broker channel”.
RateSetter Australia’s CEO, Daniel Foggo, commented, “We’re delighted to make such a high-calibre appointment to our leadership team.
“Mark brings deep experience in Australia’s financial service sector with a proven capacity to shape strategy and guide the growth of distribution channels.
“His contribution will be critical as we deliver the benefits of P2P lending to Australian consumers through our broker partners.”
Mr Woolnough was a regular at adviser conferences and events representing ING.
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