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 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. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. 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.

ArchOver hires new heads of lending & finance to help target £100m in loans

Fund manager who lent over the ArchOver platform now hired as ArchOver’s Head of Lending 

Chartered Accountant makes jump from leading financial analytics company to oversee the P2P lender’s path to profitability

ArchOver, the peer-to-peer (P2P) business lending platform, has doubled down on its aim to facilitate £100m in loans by hiring financial experts David Swanson and Tom Malley as Head of Lending and Head of Finance respectively.

In their roles, Swanson and Malley will provide focused leadership to ArchOver as it expands its lender base and accelerates sustainable growth towards profitability. In particular, Swanson will lead the charge on attracting more institutional investors to lend over the platform.

“ArchOver is committed to being the premium brand in the P2P sector,” commented Swanson. “It provides the security and control craved by institutions and retail investors alike. As an ArchOver lender in my previous role, I was impressed by the spirit of excellence and fairness in the team, and I’m excited to become a part of that.

“I see a company that’s built a solid business model through a deep understanding of both the lender and borrower perspectives. Now it’s time to scale up engagement with both, and put the ArchOver name front-of-mind among leading funds and family offices – we’ve got the people and the service to make it happen.”

Swanson will bring an expert lenders’ perspective to ArchOver. With 30 years’ experience in portfolio management and securities, including at the Bank of Montreal, he will help develop products and propositions that cater to a lender’s expectations and grow the stable, patient capital operating over the platform. He will also oversee a sustained increase in the pool of retail investors lending with ArchOver as it grows.

Joining Swanson at the same time is Tom Malley, who has over a decade of experience in finance.

Malley brings experience of how in-depth analytics and business partnering can combine to create sustainable growth and profit, as well as experience in strategic financial planning at Enova Plc. He will help ArchOver’s senior leadership set a course for sustained growth and profitability over the coming months.

Malley commented: “As P2P platforms grow, they have to expand two objectives in tandem: growth in the lender base, and growth in the borrower base. ArchOver has a great track record of balancing those two streams by treating borrowers as individuals and providing a high level of lender security.  “I am building on that advantage as we push for £100m in total lending. ArchOver provides a quality service, and I’m looking forward to helping the business sustainably scale up by matching growth in borrowers and lenders.”

 “Following the launch of our Innovative Finance ISA (IFISA) and the appointment of Bill Johnston as non-executive director, ArchOver continues to stride forward,” concluded Angus Dent, CEO. “David and Tom bring serious clout to the team, and their appointments will shift us up several gears on lender recruitment and profitability.

“Time and tide wait for no man – we’re investing in our people, strengthening our leadership and we’re ready to see a significant boost in lender numbers and revenues as a result. It’s pedal to the metal – as usual.”