Peer to peer business lender ThinCats has appointed Jill Sandford as head of risk and recoveries.
She joins ThinCats on secondment from Baker Tilly where she is a director of restructuring and recovery.
In the newly created role, Sandford will be responsible for managing ThinCats loan book which is now approaching £120m and expected to double every six months. Her focus will be on ensuring the recoveries process maximises returns for investors, processing loan documentation, overseeing risk and compliance and training for sponsors.
Sandford has over 30 years’ experience in restructuring and is JIEB qualified. She is also experienced in running training workshops for advisers through the NACFB.
Kevin Caley, managing director of ThinCats, said: “Jill has a wealth of experience to bring to this post and we are delighted to welcome her to the team. Her experience will improve our ability to manage recoveries and will fit well with the need to recruit and train new sponsors. I am looking forward to working with her to strengthen our team.”
Sandford added: “I’ve been following ThinCats’ development within the rapidly growing P2P market since they first started and I am looking forward to bringing my experience to this innovative business model.
“Training for sponsors and continued quality of legal documentation and security are fundamental elements for ThinCats and I am happy to be working with an established team to help move these offerings forward.”