Wednesday, 25 March 2015 16:30

SocietyOne appoints new COO

Simon Schwarz (2nd from left) with Greg Symons, co-founder; Jerry Yohananov, Chief Financial Officer; and Matt Symons, co-founder and CEO (l to r) Simon Schwarz (2nd from left) with Greg Symons, co-founder; Jerry Yohananov, Chief Financial Officer; and Matt Symons, co-founder and CEO (l to r)

Peer-to-peer lending platform SocietyOne has appointed a new Chief Operating Officer as the company embarks on what it says is a period of rapid growth.

Former Investec Group chief lending officer Simon Schwarz has been appointed to the role which the company says will enable it to continue to build operational and organisation proficiency.

Schwarz has more than 13 years’ international experience in risk, banking, finance and operations, and is an Honorary Fellow and lecturer at Macquarie University’s Applied Finance Centre, specialising in Financial Risk Management.

SocietyOne CEO and co-founder Matt Symons said Schwarz’s appointment follows an “exceptional year” for SocietyOne, after closing a $25 million capital raising round in February with a consortium of top-tier Australian investors, represented by Consolidated Press Holdings, News Corp Australia and Australian Capital Equity.

According to Symons, the investment marked a milestone for SocietyOne and its ability to make P2P lending available to more creditworthy borrowers and qualified investors in Australia.

“We are excited to welcome someone of Simon’s calibre and breadth of experience to the team,” Symons said.

“Simon was responsible for all lending decisions across a multibillion dollar loan portfolio across a range of industries and products at Investec. His contribution to SocietyOne will be immensely valuable as we continue to evolve as a company.”

“I look forward to building on the successes of SocietyOne and using my expertise in risk, governance and banking operations to create a robust and scalable organisational architecture that will underpin the company’s next phase of growth,” Schwarz said.

“SocietyOne’s competitive advantage as a high-growth disruptive innovator is critically dependent on its speed and efficiency of learning. I’m excited to facilitate this process as a core competency in the business.”

SocietyOne co-founder Greg Symons hands over the COO role to Schwarz and said, “SocietyOne is entering a new phase of growth and maturity. Simon’s significant industry-relevant capability and experience is a welcome addition to the business.”

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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