Landbay has appointed Robert Burgess to its board of directors.
He will join co-founders John Goodall and Gray Stern, as well aschairman Tony Ward.
Since forming in 2012 Landbay has already brought CEO of Amicus PLC John Jenkins, Hans Geberbauer, CEO of mortgage lender and servicer Paratus AMC and senior finance executive Julian Sutton onto its board of directors.
Burgess brings over 20 years of senior experience in retail finance, from a range of executive roles at established names such as Alliance Trust, Lloyds TSB, Scottish Widows and Thomas Cook. In 2013 he was a co-founder of Exchange Associates, which was established as the first dedicated lender and provider of permanent investor capital to the peer-to-peer industry.
Ward said: “The appointment of an original peer-to-peer pioneer and retail finance stalwart to the board of Landbay is a significant step forward. Robert brings with him a sense of innovation and passion for the disintermediation of the traditional Banking model, whilst providing decades worth of retail financial services expertise. His recent work with the peer-to-peer sector is also highly valuable to us.”
Burgess added: “I am hugely looking forward to working with the strong and ambitious team at Landbay. Their model of coupling the security of the buy-to-let mortgage market with peer-to-peer technology looks set to be a huge hit in 2015 and beyond.”