The peer-to-peer lending platform said Richard brought experience to its team having previously served at Barclays as a relationship manager and BCRS Business Loans as a business development manager.
While at BCRS, Richard supported SMEs with their non-bank funding requirements.
In his new role, Richard will be responsible for helping RateSetter reach more businesses in the Midlands.
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“At a time when banks are cutting back on their frontline staff, I’m excited to be joining a lending platform which is actively investing to ensure that businesses have someone they can actually speak to,” said Richard.
“That level of service is really important, and I’m proud to be doing my bit to help good, creditworthy businesses invest and grow.”
Brain Cartwright, head of business finance at RateSetter, added that it was really happy to have Richard on board.
“He’s got fantastic experience, having spent 15 years helping SMEs get the finance that’s right for them.
“Richard will be instrumental in helping us to reach more businesses in the Midlands.”