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Wednesday, October 23, 2019

News > Fintech

Ex-Google executive named CEO of OakNorth's credit platform

Theo Osborn | 11:45 Monday 7th October 2019

OakNorth has named Sunil Chandra (pictured above) as the CEO of its credit platform.

Sunil will lead the growth of the business along with OakNorth’s co-founders Rishi Khosla and Joel Perlman.

The platform — which helps banks and lending institutions to cater to the lower mid-market business segment — is currently aiming to expand its global footprint, with clients in the US, Europe and Asia.

Sunil has joined from Google, where he served as vice-president and helped to scale the company’s employee base from 7,000 employees to over 100,000.

Prior to that, he was chief operating officer at Barclays Capital, and also served as director of administration at McKinsey & Co.

Rishi said: “The last decade has seen the growth of tremendous technology companies like Google, and Sunil was instrumental to that growth and indeed the broader industry.

“Joel and I are incredibly excited to have him join us, as we scale to meet the strong interest our platform has garnered with clients globally.

“His strong management experience and track record in scaling one of the world’s largest tech companies will help shape OakNorth’s future evolution and expansion with partner banks around the world.”

Sunil added: “It’s an incredible privilege to be joining the team at OakNorth.

“In a short period of time, the business has identified a key segment of the market that is underserved, proving that thesis with the profitable OakNorth Bank in the UK, and is now scaling the solution globally by licensing its platform to other lending institutions.

“By supporting [the growth of SMEs], we are not only helping them, but also their local communities, which will benefit from new jobs and additional GDP.

“After more than 12 years at Google, I am excited about this next challenge and look forward to building the business into what will no doubt be one of the world’s premier tech companies born out of Europe.”

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