ArchOver adds experienced director to board

ArchOver has appointed Bill Johnston (pictured above) to its board of directors as a non-executive director.

In his new role, Bill will support the P2P business lending platform in formularising its training and development programme to ensure it has the right talent as it continues its growth.

He was previously a managing director and partner at accountancy firm Seymour Taylor, which was incorporated into the Hampden Group in 2009.

“In the early days, I doubted ArchOver could succeed,” said Bill.

“It’s my job to distinguish between ambition and reality.

“While there is growing demand for alternative finance, it would only take one major player to fail and the whole sector would be at risk of big reputational damage.

However, Bill said he was slowly converted when ArchOver started to attract institutional investment.

 “Based on rigorous monitoring of borrowers, ArchOver has built a significant client base of credible lenders making informed decisions about where to put their money.

“It is a business of substance, poised to move on to the next stage of growth.

“I am hoping to contribute to that development.”

Bill will offer an external perspective while working with ArchOver employees to understand their career goals.

By applying a strategic view, Bill will advise employees on what roles and responsibilities they have as the P2P platform expands.

Angus Dent, CEO at ArchOver, concluded: “Not everyone gets P2P or ArchOver straight away.

“The fact that a chartered accountant – one that is not afraid to speak their mind – has become one of our biggest supporters shows how the perception of P2P is evolving to become a solid, credible form of lending, forming part of the financial services industry.

“As he starts to transition out of his role at Hampden, [Bill] has requested to stay involved with ArchOver and act as a link between the two companies, helping install the skills and disciplines fundamental to our future growth.”

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