Peer-to-peer lending is a thing, and Goldman Sachs is trying to get in on it. In November, Bloomberg reported that Goldman was hiring people from peer-to-peer lending firms for “Mosaic”, its new online lending platform. That didn’t stop an analyst quitting Goldman for a fund run by an online lender in London last month.
Hugo Davies, a Loughborough University graduate who joined Goldman as an analyst dealing with cash settlements in Goldman’s treasury department in 2012, joined London-based LendInvest Capital as a “capital markets associate” in January.
The move is surprising to the extent that Davis seemed to be going places at Goldman. He moved out treasury settlements and cash management in 2014, and spent the past 18 months in the more exciting area of liquidity management.
Davies didn’t respond to a request to comment on the move. LendInvest was founded in 2012 by Christian Faes, a former lawyer at Deutsche Bank. The company provides peer-to-peer lending for mortgages. Sister company LendInvest Capital manages two funds worth £250m which invest in the UK property market. David Serafini, CFO of LendInvest, describes the company as “rapidly growing” and urges people to “get onboard”.