Greg Medcraft, former Head of Australia’s regulator, joins LendInvest as Senior Advisor
LendInvest, an award-winning asset management platform for property finance, has announced that Greg Medcraft has been appointed as Senior Advisor to its board, providing the Group with insight and advice around the role of technology and innovation in financial services.
Mr Medcraft has a wealth of experience across the highest level of financial regulation and markets and is a thought leader on the role of financial innovation in the evolution of the capital markets.
From 2009 to 2017, he was Commissioner and then Chairman of Australia’s corporate and financial services regulator, ASIC, and was until last year Director of the Directorate for Financial and Enterprise Affairs of the OECD working on policy relating to a wide range of fields including blockchain and distributed ledger technology. Mr Medcraft serves as a director of the Washington-based think tank Salzburg Global Seminar and a global steward of the World Economic Forum’s initiative on long term investing infrastructure. He also previously served as a member of the IMF High-Level Advisory Group of the Interdepartmental Working Group on Finance and Technology and a member of the Financial Stability Board (FSB).
Prior to his policy and regulatory work, Mr Medcraft had a long career in financial services including 26 years with Société Générale, where he was the bank’s Global Head of Securitisation.
Mr Medcraft will not be joining the Board of LendInvest.
Christian Faes, LendInvest Executive Chair, commented: “Greg is a rare breed in that he has had significant experience in financial markets globally, significant experience as a senior regulator, and also a deep interest in the adoption and impact of emerging technologies such as blockchain. This unique skill-set is particularly relevant to LendInvest and the business that we’re building.
We have the most diverse funding base of any lender in the market, and the proprietary technology we have built over the last decade has given us a real competitive advantage, making property finance simple for our borrowers and investors. Greg’s input will be invaluable as we seek to ensure that LendInvest remains at the forefront of innovation and the application of technology in property finance and capital markets.”
Greg Medcraft commented: “In getting to know the team at LendInvest, I have been hugely impressed with the customer-focused, digital business that they have built. Technology has fundamentally changed financial services, yet we are still in the early phase of this evolution. Technology in financial services is about removing friction, and innovations like blockchain have the potential to have an enormous impact on how capital markets and real estate finance function in future.”
LendInvest is the UK’s leading platform for property finance.
LendInvest offers short-term, development and buy-to-let mortgages to intermediaries, landlords and developers. Its proprietary technology and user experience are designed to make it simpler for both borrowers and investors to access property finance.LendInvest has lent over £3bn of short term, development and buy to let mortgages.
Its funders and investors include global institutions such as HSBC, Citigroup and NAB, and, in 2019, it was the first Fintech to securitise a portfolio of BTL mortgages. The company has reported annual profitable growth since 2015 and was named Digital Innovation Award Winner at the Sunday Times Tech Track 100 Awards, and both Specialist Lender and Buy-to-Let Lender of the Year for 2019 at the last NACFB awards.