LendInvest has appointed Willem Wellinghoff as vice-president of compliance.
Wellinghoff (pictured) is responsible for leading the compliance function, setting and maintaining LendInvest’s compliance and risk management strategy. He also serves as a member of the LendInvest’s governance committee for compliance and risk.
He spent a decade at Cabot Credit Management, initially as legal counsel and then as head of legal and regulatory affairs. Since 2012, he has served as a special adviser to the board of the Credit Services Association, the trade body for debt recovery agencies and allied professional credit services, focusing on the migration of consumer credit regulation from the Office of Fair Trading to the Financial Conduct Authority.
Wellinghoff is also a regulatory mentor to FinTech startups participating in the Barclays Accelerator programme. He also acts as legal and regulatory mentor for CommuterClub.
Christian Faes, CEO of LendInvest, said: “At LendInvest we are very serious about lending responsibly and meeting our obligations to investors, as we build our financial services franchise. Willem has an impeccable compliance pedigree, and is the perfect person to fill this crucial role.”
Wellinghoff added: “The emerging FinTech industry is subject to ever-growing layers of regulation. I’m excited to take my experience of advising in this sector to a role within a team where where compliance and ethics is core to its culture.”