LendInvest gets new CEO as Faes steps back

Since joining LendInvest in 2015, Lockhart (pictured left) has grown the company’s lending capital base to £1.8bn and overseen the £259m AAA-rated residential mortgage backed securitisation (RMBS) as well as a number of large investments from firms such as HSBC, Citigroup, Nomura and National Australia Bank.

Before joining the company, between 2013 and 2015, Lockhart acted as LendInvest’s external fund manager while working as a senior director at CBRE.

Faes (pictured centre), who co-founded LendInvest with Ian Thomas (pictured right) in 2008, will remain employed by the company as executive chairman.

Faes said: “After 11 years my co-founder and I are extremely proud of what we’ve built. LendInvest is a powerhouse in UK fintech – a company that has raised almost £2bn, has been consistently profitable, and has proven that it is a financially viable and sustainable business.

“The company is in an excellent position and no-one is better placed than Rod to take over day-to-day management of the business. This will allow me to focus on what I love doing as a founder and entrepreneur, which is the outward facing work for the company and working on our strategy and vision.”