London, 17th December 2012
The Peer-to-Peer Finance Association (P2PFA), the trade body representing leading UK peer-to-peer finance businesses, has today appointed Christine Farnish as its Chair. It is the first independent appointment by the P2PFA, with Farnish taking over from Zopa founder and CEO Giles Andrews.
Farnish was the Financial Services Authority’s first Consumer Director, and is currently Chair of Consumer Focus. She brings significant experience of regulation and financial services, having held senior roles at Barclays and the National Association of Pension Funds and served on the boards of the Office of Fair Trading and the Advertising Standards Authority.
“I am delighted to be joining the P2PFA at what is an exciting time for the sector. Consumers deserve a better deal in financial services and peer-to-peer lending has an important role to play in offering more choice and improving competition. The recent Government announcement that peer-to-peer lenders will be regulated by the new Financial Conduct Authority is good news, and I look forward to working with the FCA to ensure that regulation is proportionate and risk based.”
Notes To Editors:
Christine Farnish is currently the Chair of Consumer Focus a Civil Service Commissioner, and a Non-Executive Director of both Aggregate Industries and ABTA. She was previously Managing Director, Public Policy at Barclays for five years to 2011; Chief Executive of the National Association of Pension Funds (NAPF) (2002-2006); and Director Consumer Affairs at the Financial Services Authority (1998 – 2002). She has also held executive roles at OFTEL, Cambridge City Council, the London Research Centre, the London Borough of Lewisham, and the Countryside Commission, and has previously been on the Boards of the ASA, ING Direct, and the Papworth Hospital.