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Harmoney announces full board of directors

Contributor:
Fuseworks Media
Fuseworks Media

Peer to peer lending platform Harmoney today announced the appointment of its full board of directors. This follows the announcement in May of former GPG Chairman Rob Campbell as Harmoney Chairman.

Appointments to the Harmoney board are Bell Gully Partner David Flacks who is also on the Board of Vero Insurance New Zealand, technology entrepreneur and current Chief Executive of Localist, Christina Domecq, and Tracey Jones, CFO/COO of Tappenden Holdings Limited, one of New Zealand’s largest private investment portfolios.

In announcing the board appointments, Harmoney Founder, Director and Chief Executive Neil Roberts says the company has been fortunate to attract such diversity of experience and expertise to its board.

"The new board appointments bring together three disciplines that are essential to the success of any peer to peer lending platform.

"Funds management to ensure investor returns, the passion for delivering best practice technology and strong legal compliance especially in this newly enabled industry that will be closely monitored by the Financial Markets Authority. All are key areas that will define and shape Harmoney’s performance."

Peer to peer lending has been extremely successful overseas and is growing at over 200% per annum. In the UK the Government has lent more than NZD200 million via peer to peer lending platforms whilst approving the investment class for pension plans and tax free savings. In the USA, Lending Club, the leading platform, is due to float in an IPO estimated at $5 billion with Google as a cornerstone early investor.

Harmoney is the first lender in New Zealand to be granted a peer-to-peer license by the sector’s regulator, the Financial Markets Authority.-

Harmoney is currently fine tuning systems and operating policies and expects begin trading very soon.

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