LendInvest appoints VP of compliance

In the role he will be responsible for leading the compliance function and setting LendInvest’s risk management strategy.

Before joining LendInvest, Wellinghoff spent six months at payday lender Amigo Loans, following 10 years at consumer credit debts consolidator Cabot Credit Management, where he was head of legal and regulatory affairs.

Since 2012, the former trainee barrister has also served as a special adviser to the board of the Credit Services Association, the trade body for debt recovery agencies, focusing on the migration of consumer credit regulation from the Office of Fair Trading to the Financial Conduct Authority.

He is a regulatory mentor to FinTech startups participating in the Barclays Accelerator programme.

LendInvest Christian Faes (pictured), said: “At LendInvest we are very serious about lending responsibly and meeting our obligations to investors, as we build our financial services franchise. Willem has an impeccable compliance pedigree, and is the perfect person to fill this crucial role.”

Wellinghoff added: “The emerging FinTech industry is subject to ever-growing layers of regulation. I’m excited to take my experience of advising in this sector to a role within a team where where compliance and ethics is core to its culture.”