Cornwall-based peer-to-peer business lending platform Folk2Folk has appointed a new chief executive.

Kawai Chung has taken over the top job at the Launceston-based company from managing director Roy Warren who is retiring. Mr Warren will join the board as an independent non-executive director in January.

Under Mr Warren's leadership, Folk2Folk has deployed more than £780m in property-backed loans to small businesses across the UK.

Tim Sawyer, chairman of Folk2Folk, said: “Roy has steered Folk2Folk through a transformative period, delivering consistent profitability and embedding the values that set this business apart.

"We’re grateful for his leadership and pleased we’ll continue to benefit from his insight and experience on the board. At the same time, we’re delighted to warmly welcom

See Full Page