NAVA FINANCE LIMITED APPOINTS FORMER HEAD OF EUROPEAN OPERATIONS AT MORGAN STANLEY AS PROGRAMME MANAGER

London, Thursday 12th January 2017: Nava Finance Limited, which is set to launch a new consumer lending platform in the early part of this year, has appointed Peter Carty as Programme Manager.
Peter has over 25 years’ experience in leading financial services technology and operations across institutional securities and private wealth management. Prior to joining the team at Nava Finance Limited, Peter was a senior consultant in the Euroclear Business Development group.
Peter started his career as a software developer in the late 1970s before joining Morgan Stanley where he was instrumental in developing the organisation’s ground breaking enterprise wide trades processing application. Through a succession of project management roles, Peter went onto deliver a number of major initiatives including the conversion of the bank’s back office system to the Euro, leading a team of more than 250 global developers.
In 1999, he was appointed head of Morgan Stanley’s European Brokerage and Finance technology group and in 2004 moved into the Wealth Management division as Head of European Operations. It was from here that Peter developed and implemented a multi-year technology renovation programme, enabling the business to grow significantly while reducing costs and improving client service.
In his new role, Peter Carty reports to Nava Finance Limited’s CTO, Andrew Jones.  Peter and Andrew Jones previously worked together at Morgan Stanley.
Commenting on his appointment, Peter Carty said: “I am very excited to be joining a team of people who have excelled throughout their careers in financial services and understand what is required to launch and run a successful business. The unique Nava Finance Limited proposition will provide borrowers with greater choice and flexibility when it comes to obtaining credit. This approach is underpinned by a state of the art technology platform which enables Nava Finance Limited to put together an accurate picture of a customer’s circumstances and provide an excellent customer experience.”
Andrew Jones CTO of Nava Finance Limited, said: “Peter brings with him proven leadership and programme management skills gained from his time at top tier financial institutions. Peter’s expertise from Morgan Stanley and as part of the Euroclear Business Development Group will be invaluable to our business, both from a technology and operational point of view.”
ENDS
About Nava Finance Limited
Nava Finance Limited is a next generation consumer lending platform built on deep analytics which is used for credit and other underwriting processes. Nava Finance Limited sources loan funding from institutional investors and manages the process of sourcing and underwriting borrowers.
The company’s credit expertise means that it is able to offer responsible lending to a broad range of borrowers, including those that may score well on affordability but have less than perfect credit histories. By offering only one product Nava Finance Limited customers are not cross-sold, up-sold or mis-sold any additional financial products or services.
Contact the Press Office
All enquiries from the media should be directed to Nava Finance Limited’s Press Office: nava@mrm-london.com