U.K. real estate P2P Landbay has named financial industry veteran Julian Cork as Chief Operating Officer.
After graduating from the University of Durham with a degree in computer Science and Psychology, Mr. Cork began a 15-year career at J.P. Morgan. The first decade was spent in the technology department, and included the securing of a patent for a project viability evaluation tool he developed with a partner. Mr. Cork was named Managing Director and Head of the firm’s Global Derivatives Sciences (GDS) business in 2004.
According to Mr. Cork’s LinkedIn profile, he was responsible for building out the GDS, including funding acquisition, strategy development and hiring. The Derivatives Prime Brokerage business was awarded the “Best in Class” award for Global Custodian’s first OTC Derivatives Prime Brokerage survey in 2009.
Late in 2010 Mr. Cork joined Macquarie Bank as Global Head of technology for the Corporate and Operations Groups. He has worked in New York, Tokyo, Sydney and London.
Landbay counts on Julian Cork playing a pivotal role in the company meeting its goal of having a book value of £1 billion by 2019.
“Julian’s fantastic hands-on management experience in banking and technology will be incredibly useful as we put in place the operational structures we need to continue our growth,” Landbay CEO and co-founder John Goodall said. “His deep understanding of wholesale financial services means that he is perfectly placed to help us to develop new strategic partnerships with institutional investors, who are increasingly attracted to Landbay’s innovative model.”
Mr. Cork is also expected to help develop Landbay’s individual savings accounts (ISA) following the government’s announcement peer-to-peer lending can be included in ISA’s.
Landbay is a platform which invests in the United Kingdom’s large rental property sector.