LenDenClub appoints Nirmal K Rewaria
Last full-time stint was with Edelweiss Financial Services
Jan 06, 2023 10:36:00 AM | Article | Campaign India Team
Lending platform LenDenClub has announced the appointment of Nirmal K. Rewaria as chief business officer - investments.
He will be responsible for enhancing the channel partner network to help financial advisors provide alternative investment opportunities to allocate their clients' assets. He will also be tasked with expanding crucial partnerships across the distribution landscape to make LenDenClub's P2P (peer to peer) lending offerings more accessible.
Rewaria’s last full-time stint was with Edelweiss Financial Services, where he was SVP and business head - financial planning.
Bhavin Patel, co-founder and CEO, LenDenClub, said, "Peer-to-peer lending has emerged as a preferable alternative investment class for investors. With the soaring demand of high return instruments among Retail and HNI investors, we want to present investment in P2P lending as one more asset class to include in their portfolio. In the recent past, we have made certain strategic appointments, and Nirmal's addition to the team solidifies our commitment and focus towards our intended exponential growth. Given his expertise in building a B2B channel for financial companies, Nirmal will not just help bring a fresh perspective to our core business strategies but will be a key driver in the growth of our Investments Business. I look forward to working closely with him and wish him all the best for the future."
Rewaria said, "With LenDenClub’s cutting-edge product offerings, the company is well-positioned to capitalise on the momentum of new-age asset classes and accelerate the adoption of digital financial products. I'm happy to make a significant contribution to this journey and to support the organisation's expansion goals. In the future, I want to contribute towards the country's digital economy by leveraging my skills to provide a viable alternative investment and financing choice for Indians."
With over two decades of experience, he has also worked with companies like Standard Chartered Securities and Enam Securities, among others.