Credit risk technology group LendingMetrics has appointed software expert David Murray as non-executive chair.
The Hampshire-based company was founded in 2010 and their software and data solutions are said to help hundreds of companies to make highly sophisticated automated and risk-based lending decisions.
The appointment follows LDC’s recent investment in LendingMetrics and Murray will work alongside CEO Neil Williams and commercial director David Wylie as they scale the business’s presence in the UK’s fast-growing decisioning software and data market.
Murray brings more than 30 years of experience in software engineering and IT to LendingMetrics. He was the co-founder and CEO of software company Kirona, where he scaled the business from a start-up to a final exit enterprise value in excess of £50m, through two rounds of private equity investment before an eventual trade sale.
Since then, he has supported several private equity-backed businesses on their growth journeys. This includes his role as the non-executive chair of ENSEK, a provider of digital transformation services in the energy sector, where he contributed to the company’s growth leading up to its recent successful exit to Centrica.
Commenting on his appointment, Murray said: “It’s exciting to be joining LendingMetrics at such a pivotal moment in its growth journey. The business offers highly sophisticated and disruptive technology and is at the cutting edge of credit risk innovation.
“I’m looking forward to working with Neil, David and the rest of the management team as they pursue their growth strategy.”
Williams added: “David has a proven track record in scaling software companies and his experience will be invaluable as we continue to innovate and expand our proposition.
“We look forward to his support as we embark on this exciting new chapter.”
Founded in 2010, LendingMetrics’ software and data solutions help hundreds of companies to make highly sophisticated automated and risk-based lending decisions. The business’ client base includes building societies, online lenders, mortgage companies, credit card providers and commercial lenders.
LDC’s investment in LendingMetrics has now been completed following FCA approval.