Growth doubles management team at p2p lender Southern Cross Partners.
Non-bank, peer-to-peer lender Southern Cross Partners announces a new management team, saying the low-yield environment and record low official cash rate (OCR) has contributed to an impressive growth rate and the p2p’s first mortgage secured investment offer is doing well.
The company has appointed a new senior management team with chief executive, Cliff Carr; sales and marketing manager, Cameron Harper head of risk and compliance, Edward Lund; and projects manager, Rhys Trusler.
Carr said Southern Cross Partners has grown rapidly and he doesn’t expect investment interest to slow in the short or medium term.
“Reserve Bank Governor Adrian Orr recently advised consumers to consider investing in other assets and they’re certainly heeding that advice. The first mortgage secured investment base we offer appeals to investors.”
Carr’s most recent role was general manager at Newell Brands.
Head of sales and marketing
Cameron Harper: most recently Harper was head of growth in the advertising industry and has had senior marketing and sales roles. He said the opportunity to help ordinary New Zealanders grow their wealth ticks the boxes.
“Retired and retiring people in particular are going to struggle in the future, which is unfair when you consider the work they’ve put in over the years. I’m glad to be involved in something that can potentially change that,” Harper said.
Head of credit and compliance
Ed Lund joins Southern Cross Partners from The Co-operative Bank and ASB and, in addition to overseeing the company’s obligations to regulatory requirements and bodies such as the Financial Markets Authority, his job is to ensure a balance between maximisation of outcomes against investor safety and continuously evolving regulatory requirements.
“After close to 15 years in corporate banking, the opportunity of working for a leading peer-to-peer company with strong family values – and just the right level of ‘corporatism’ and strong growth ambitions – was very appealing to me,” Lund said.
Head of special projects
Rhys Trusler – previously New Zealand business leader for Wells Fargo Distribution Finance – occupies a relatively unique position responsible for analysing investment models and exploring opportunities to expand the company’s product range, including in digital and fintech.
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