Finverity appoints chief risk officer as it enters growth phase

Finverity, a mid-market supply chain finance platform with a focus on emerging markets, has appointed Brett Downes (pictured) as chief risk officer. At Finverity, Downes will be in charge of overseeing the risk function, enhancing the risk management processes and contributing to the development of the platform’s risk functionality, putting his experience of trade and supply chain finance into action.

The appointment comes at a time of growing investor interest in the investment features of supply chain finance. As a result, Finverity has entered a growth phase and expanded its senior team. Downes will report directly to Finverity’s CEO and chair the Credit Committee.

Downes has over 25 years’ experience in corporate and structured finance banking, of which the latter 10 was in trade finance and working capital solutions at leading banks and financial institutions.

Alex Fenechiu, COO & co-founder, Finverity, said: “Finverity sees Brett’s experience as invaluable to our mission. To build a reliable and efficient infrastructure to invest in SCF, it is essential that we fully understand and address what can go wrong. Brett’s knowledge and insight make him ideal in this regard. We are delighted to welcome Brett as we continue to lead the way in innovating the SCF industry, to allow participation in the space efficiently, reliably and transparently for all stakeholders.”

Did you get value from this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.