Peer-to-peer lender RateSetter has appointed Joanna Wright, former chief risk officer, UK, at GE Capital, to head its own risk department, filling a vacancy that had been untaken for almost 6 months.

Wright led a team of over 200 risk professionals at GE Capital, was chair of the enterprise risk management committee, and a member of the executive board. She has also worked at NatWest Markets, where she was manager of acquisition finance. She replaces Cyrille Sallé de Chou who left to join HSBC in December 2016.

The move comes amid a period of change for Ratesetter, following the acquisition of motor finance providers Vehicle Stocking and Vehicle Credit, and the end of its wholesale funding proposition.

As chief risk officer, Wright will be tasked with overseeing and managing credit risk across consumer and commercial lending businesses, and supervising operational and conduct risk at RateSetter. From September, Wright will be a member of the executive team, and sit on the board risk committee.

She said: “I am looking forward to joining the team at this exciting phase of RateSetter’s development and contributing my risk management skills and experience as the business grows and delivers for its customers.”

Rhydian Lewis, founder and chief executive at RateSetter, said: “I am delighted that Joanna is joining the team to provide leadership and to help us manage the next stage of our development.”