Now Finance makes executive appointments

Now Finance has announced the appointment of Marcus Oakley as chief risk officer (CRO) and Marc Danneels as chief technology officer (CTO), who will be joining the lender this month.

Mr Oakley has returned to the industry after a number of years in external consulting to join the personal loans provider as its CRO.

He has experience in data analytics and credit management, and was previously a partner at Deloitte’s financial risk practice, and CRO at GE Capital Australia and New Zealand.

Commenting on his appointment at Now Finance, Mr 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.”

Mr Danneels has 25 years of experience in technology leadership and was previously at ASB Bank in Auckland where he headed up customer identity, cyber security, fraud and risk for the bank.

Mr Danneels has also spent many years as a consultant, including many years with Accenture internationally in technology consulting.

Speaking of his appointment at Now, he said: “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.”

The latest appointments have come after Now Finance recently priced its first $200-million rated securitisation, which it said was met with strong investor demand in September last year.

[Related: Customer-owned lender hires transformation officer]

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.