LendInvest Reshuffles Board: Faes Steps Down as Chair, Wilcke Takes Over

LendInvest, a prominent mortgage platform based in the UK, has announced significant changes in its board leadership. Christian Faes, previously the non-executive chair, transitions to a non-executive board director role. Stephan Wilcke, the senior independent director, assumes the role of independent non-executive chair. This change comes at a critical time for LendInvest as it seeks to capitalize on its recent positive half-year results and undertake a strategic expansion. Wilcke's appointment is seen as a natural progression given his extensive knowledge of the company and the broader financial services sector. Wilcke is tasked with reviewing the board's composition and committee structures as they continue their growth trajectory. Faes, who is also the CEO and founder of the US-based investment firm Faes and Co., remains committed to LendInvest and anticipates positive developments under Wilcke's leadership. The company, with a current market capitalization of £39.41 million, has seen stable share prices over the last six months.