Latest News:

Ex-ING Direct boss joins RateSetter board

Peer-to-peer lender RateSetter has appointed former ING Direct chief executive Vaughn Richtor to its Australian board of directors.


Mr Richtor has a wealth of experience in the banking sector, having served as the chief executive of ING Retail Banking Asia prior to becoming CEO of ING Direct.

RateSetter chief executive Daniel Foggo said the business was “delighted” to have Mr Richtor on the board.

“Vaughn’s track record in building loan market share in Australia is unrivalled. His focus on customers, innovation, culture and leadership has positively transformed our financial system, and helped put more money in people’s pockets,” Mr Foggo said.

“We welcome his contribution to the next phase of our evolution as we continue to grow Australia's leading retail and SMSF investor peer-to-peer loan marketplace.”

Mr Richtor said he was “extremely excited” to be working with RateSetter, saying peer-to-peer has “the potential to introduce more competition in financial services” and ultimately benefit the end consumer.

“At ING Direct we changed customers’ expectations of what a bank can offer and I see a similar opportunity for RateSetter to shake up the status quo, given the company’s ability to offer great value services to customers, whether they are lending or borrowing,” he said.

 

promoted stories

Appointments

Tom Garcia, AIST, Eva Scheerlinck

Staff Reporter

Insyn Funds Management, Monik Kotecha, John Lobb, Global Titans, portfolio management, equity investment, global equity

Staff Reporter

Mark Beardow, AMP Capital, Adam Tindall, AMP

Tim Stewart

Analysis

ASIC, fintech regulation, Airwallex, Jack Zhang, fintech law, innovation, financial services,

Jack Zhang

ASIC, AFSL, Bill Fuggle, Ian Yau, Baker & McKenzie, financial services law, finance regulation,

Bill Fuggle

Lazard Asset Management, James Donald, emerging markets, Trump

James Donald

fa-twitter