A non-bank lender specialising in personal loans has interpreted its two recent hires at the executive level as having “cemented its growth trajectory”.
Melbourne-based NOW FINANCE has welcomed chief risk officer Marcus Oakley and chief technology officer Marc Danneels to the C-suite team.
Oakley joined NOW FINANCE from his consultant role as a partner in Deloitte’s Financial Risk practice. His “deep experience” in data analytics and credit risk management also includes a stint as CRO for GE Capital Australia and New Zealand.
“I wanted to join NOW FINANCE as it has an incredibly exciting strategy that differentiates it from other non-bank lenders,” Oakley said.
“Risk and data are key to long-term success in any lending business and being part of NOW’s continued development in this space with the opportunity to deliver results in the long term is very motivating.”
New chief technology officer Danneels echoed a similar sentiment.
“I joined the NOW Finance executive team because I wanted to be a part of a fast growing fintech and leverage my technology background to make a significant contribution,” he said.
Danneels boasts a 25-year career in technology leadership, most recently having headed up Customer Identity, Cyber Security, Fraud and Risk for ASB Bank in Auckland.
Like Oakley, Danneels career includes stretches in both industry and consulting, including many years with Accenture in international technology consulting.
The hires come off the back of a strong 12 months for NOW FINANCE, with the group reporting double-digit loan book growth and seeing its first A$200m rated securitisation met with strong investor demand in September last year.
