Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

4finance Group announces Oyvind Oanes as incoming Group CEO

Digital consumer lender lines up fintech and retail banking leader 

4finance Group S.A. (the “Group”), one of Europe’s largest digital consumer lending groups, announces the appointment of Oyvind Oanes as Group CEO from 1 August 2018. A proven consumer finance leader, Oanes succeeds Mark Ruddock, who will return to the Group’s supervisory board after his agreed term as CEO.

Oanes joins from the role as CEO of Numbrs Personal Finance AG, a Fintech consumer banking platform with growing operations in Germany and the UK. A native Norwegian, Oanes has nearly two decades of experience from retail banking and has held senior roles across Europe, including building a consumer finance business for GE Capital in Russia, leading the turnaround of Austria’s Bawag PSK’s retail banking business and running Raiffeisen Bank International’s multi-country online bank ZUNO.

“Having led the search for the permanent CEO of 4finance, I am pleased we are now able to welcome Oyvind, who brings a wealth of experience in various critical areas of consumer lending across Europe, with emphasis on CEE, and has considerable experience of developing digital and mobile-first transactional and deposit-taking platforms. This rare combination of skills is particularly well-suited to 4finance as we continue to grow and diversify the business”, said Lado Gurgenidze, Chairman of the Supervisory Board of 4finance Group S.A. “I’d like to thank Mark Ruddock for laying down the foundations of 4finance’s transformation over the past year, and I look forward to continuing to work with him on the supervisory board moving forward.”

 Mark Ruddock said: “Over the past year we’ve worked hard as a team to develop the foundations for an exciting and sustainable future, including a new IT platform, a more customer-centric organisation, emerging near prime capabilities and a securitisation and funding platform. All four areas of strategic emphasis are now at the point of implementation, and I am proud of the progress the company has achieved in the last year. We have identified a great CEO for the business, and I look forward to working with Oyvind to continue to realise the potential of 4finance.”

 Oanes commented: “4finance is one of the ‘best kept secrets in Fintech’, but having issued over 17 million loans across 17 markets, this business has real scale and a wealth of know-how and operational strengths. I am excited at the opportunity we have to streamline and improve the borrowing experience for our expanding client base and to continue to grow the business by executing on the great foundation that Mark and the team have built.”

 Oyvind has also held several non-executive roles at various financial services institutions. He holds a bachelor’s degree in business administration and a master’s in management and in marketing.