John Mould is to step down as CEO of ThinCats with effect from today. ThinCats has appointed Amany Attia as its new Chief Executive.
Hmm. After some years at Lehman Bros she has headed up residential mortgage outfits with a side helping of personal loans. Not a hint of business lending that I can see.
The reasoning given in the notice is that JM isn’t great at fintech. Note they intend to improve our retail investor proposition . Odd because her major job at Northview (now Kensington) Mortgages says in terms Our mortgages are only available through registered mortgage advisers who can help you get the mortgage that best matches your needs. So Heaven knows what this has to do with fintech
Remainder of announcement: The Board and our shareholders remain committed to making further significant investments in the business but believe the challenges of enhancing our service offering by further integrating our data and technology capabilities requires a change in management skills.
Amany joins at a time when the company is growing strongly. There will be no immediate changes to the retail lending platform and we continue to invest in new products and technology to improve our retail investor proposition alongside high quality underwriting and risk management. Amany has demonstrable experience in this area in her previous role as CEO of The Northview Group, a UK mortgage lender and servicer with more than £10 billion in balance sheet and serviced assets.