Standard Chartered Managing Director Tracy Clarke to Join Alternative Lender Greensill as Non-Executive Director in 2021

Alternative lending platform Greensill would have hired Tracy clarke, who served as CEO for Europe, the Americas and the World at Standard Chartered, as a non-executive director.

Clarke will join Greensillof the 2021 Board of Directors following his planned retirement from Standard chartered bank, where she has worked for about 35 years.

Clarke noted:

“I am delighted to join Greensill at this time. I was impressed with the company’s innovative approach to working capital solutions and improving the way businesses and individuals are paid.

Clarke has been a Non-Executive Director (NED) for England Netball for the past five years. She was also NED at BSKYB for over six years, until its acquisition by Comcast in 2018. Additionally, Clarke was a director of TheCityUK and NED at Inmarsat, a satellite operator, until December of last year. .

Maurice Thompson, Chairman of the Board of Greensill, said:

“We are delighted to welcome Tracy to Greensill. She brings a wealth of experience, working at the highest levels within a listed world bank specializing in trade finance. She joins Greensill at an exciting time in our growth trajectory as we continue to accelerate the movement of capital to the real economy where it is needed most. ”

Greensill is notably one of the very few alternative or fintech-focused lenders that have been accredited to assist the Coronavirus Large Business Interruption Loan Scheme (CLBILS). Other fintech lending platforms, including OakNorth and Metro Bank, have also been approved to help disburse funds through CBILS.

In July 2018, Greensill received a $ 250 million investment from private equity firm General Atlantic.

As reported in May 2019, the SoftBank Vision Fund invested $ 800 million in working capital provider Greensill. The company noted at the time that the investment “underscores the value of working capital financing as the most advanced way to provide low-cost capital to businesses large and small, while opening up a new class of business. ‘assets to global investors’.

In October 2019, Softbank, based in Tokyo noted it would invest an additional $ 655 million in Greensill’s operations.

As reported in June 2020, Greensill Capital, a London-based provider of capital finance to businesses and individuals worldwide, announced that it will acquire Colombian company Omni Latam to accelerate the growth and adoption of financial technology solutions innovative in Latin America.

Since its launch in 2011, Greensill has reportedly provided $ 150 billion in financing to more than 8 million customers and suppliers based in more than 175 countries. The volume in the first four months of this year has increased more than twice compared to last year due to the pandemic, the company claims.

Former British Prime Minister David Cameron is a cabinet adviser.

Greensill distributes part of the credit it generates to more than 100 investors. Some of them receive funding through its Germany-based lender, Greensill Bank AG.

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