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Zopa appoints new chairman

Theo Osborn | 13:15 Thursday 14th February 2019

Zopa Group has appointed Gordon McCallum (pictured above) as its new non-executive chairman, while Giles Andrews will step back from his group chairman role, but remain on the board.

“I am delighted that the board has appointed Gordon McCallum to succeed me as chairman,” said Giles.

“Having helped Zopa grow into a profitable, sustainable and successful business, the time is right to pass on the baton to an independent chair.

“With Gordon as chair and Jaidev [Janardana] as [group] CEO, I am confident Zopa is in the right hands to take the business to the next level.”

Gordon was CEO of Virgin’s UK management company and worked on the group’s strategy from the mid-1990s until 2012, with a particular focus on Virgin Money and Virgin Media/Virgin Mobile.

Gordon added: “I have known and admired Zopa since Giles and his colleagues created it in 2005, and I’m delighted to be joining at this exciting time for the business, after receiving its banking licence (with restrictions) in December.”

The P2P lender has also appointed Gaenor Bagley as an independent non-executive director of Zopa’s bank board, subject to PRA approval.

Elsewhere, Doris Honold and Michael Woodburn have joined as independent non-executive directors on Zopa’s P2P board.

Natasha Wear — Zopa’s current head of investment products — has been named as the chief executive officer of its P2P business, following the separation of the bank and P2P entities under the Zopa Group parent company.

Jaidev concluded: “We’re delighted that Gordon, Gaenor, Michael and Doris are joining us on the next stage of our journey.

“Natasha has made a great contribution to the business and her in-depth understanding of our P2P product and investors makes her a natural fit for the role of P2P CEO.”

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