US peer-to-peer lender Yieldstreet has appointed Timothy Schott as chief financial officer (CFO), a move it hopes will support the company’s “next chapter of growth”.
Schott joins from Associated Capital Group, an alternative investment advisory firm, where he also held the position of CFO. Prior to this, he worked as a partner at Deloitte during the first two decades of his career.
Yieldstreet said Schott’s expertise in a wide range of finance and business functions, as well as his significant capital markets and M&A experience, would help to position the business for continued customer growth. He spent the first first two decades of his career as a partner at Deloitte.
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“He is an ideal executive to help Yieldstreet achieve its ambitious growth goals, and will help usher in a new chapter of innovation for both the company and our investors,” said Milind Mehere, chief executive of Yieldstreet.
The platform enables investors to fund loans covering asset classes including art, consumer, commercial lending, legal and property. Since it was founded in 2015, it has funded more than $2.2bn (£1.8bn) of investments.
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