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George Banco appoints RateSetter co-founder to board

Peter Behrens

Guarantor lender George Banco has appointed the co-founder of peer-to-peer platform RateSetter as a non-executive director.

Peter Behrens (pictured above) – who also serves as the chief operating officer at RateSetter – co-founded the platform in 2010, and has seen more than £1.8bn of loans facilitated through the company in this time.

Peter now joins the board of George Banco, which offers personal, guarantor loans of between £1,000 and £7,500 over a period of 12 to 60 months.

Marc Howells, CEO at George Banco, said: “Peter has been instrumental in RateSetter’s growth and knows the consumer finance market inside out.

“We’re delighted to bring his expertise and experience to George Banco, where he’ll play an important role in helping our business grow sustainably and deliver responsibly for our customers.”

Peter added: “George Banco is a strong and growing business and I am looking forward to helping the company realise its ambition of shaking up the market for guarantor lending in the UK and provide a great service for its customers.

“Guarantor loans are an important part of the financial inclusion agenda and provide an effective, simple way for people to rebuild and rehabilitate their credit history.”

George Banco is regulated by the FCA.

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