German economist and politician Jörg Asmussen has joined the board of London-based peer-to-peer lender Funding Circle as a non-executive director. The appointment is part of an effort by the bank to expand its business beyond traditional lending into other areas such as asset management and insurance.
German economist and politician Jörg Asmussen has joined the board of London-based peer-to-peer lender Funding Circle as a non-executive director. The addition of Asmussen, a former executive board member of the European Central Bank, is seen as marking an important step for the company as it strengthens its leadership position in marketplace lending globally.