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Zopa makes senior hire as it gears up for IPO

Zopa IPO hire
Zopa CEO, Jaidev Janardana

Zopa has appointed a former Deutsche Bank executive to its board as the online bank weighs up the right time for an IPO.

The fintech company has appointed Pippa Lambert, previously Deutsche Bank’s global head of HR and head of rewards at Royal Bank of Scotland.

Lambert currently sits on insurance firm Aviva’s board as a non-executive director and on the government’s senior salaries review board.

Zopa, which provides a range of financial services ranging from loans to car finance, has previously said it is expecting to list within the UK capital before the end of the year.

“I am delighted to be joining Zopa at an inflection point of its impressive growth journey,” said Lambert. “I look forward to building on Zopa’s unique strengths as it enters its next phase of growth.”

In February, Zopa raised £75m for acquisitions and “growing its balance sheet”. Later that month, Zopa acquired Staffordshire-based BNPL firm DivideBuy.

A Zopa spokesperson told UKTN: “We still plan to IPO and can be ready in a short time, however we will not be rushed to make hasty decisions. We will wait for the right macroeconomic and market conditions.”

Jaidev Janardana, CEO of Zopa, said: “At Zopa, we are building Britain’s best bank. We will only achieve it by making Zopa the most attractive, truly diverse and inclusive place to work, and by attracting and retaining the best and brightest people from across the industry.”

The appointment was first reported by City A.M., which said that Zopa is preparing to make additional C-suite appointments as it gears up for an IPO.