CreditEase has appointed Ms. Anju Patwardhan, Former Global Chief Innovation Officer of Standard Chartered Bank, as Venture Partner for its Fintech Investment Fund and Fund of Funds, Effective 1 August 2016.
Based in Silicon Valley, USA, Ms. Patwardhan will work closely with CreditEase’s fund management team in China to support its global investment strategy, deal sourcing and investment management.
She will play a key role in accelerating the fund’s position as a preeminent global Fintech investment platform by leveraging her deep expertise of the global financial services industry, Fintech ecosystem and regulatory engagement.
Ms. Patwardhan has over 25 years of experience in the banking industry, having worked at Citibank and Standard Chartered Bank (SCB) in global and regional leadership roles in Innovation, risk management, operations, digital banking and internal audit across Asia, Africa and Middle East. Her last role at SCB was as Global Chief Innovation Officer until July 2016.
She was also a member of bank’s global leadership team, member of global Technology and Operations Management Group and Non-Executive Director on the Board of SCB Thailand.
Ms. Patwardhan is an alumnus of the Indian Institute of Technology (IIT) and the Indian Institute of Management (IIM), with further professional qualifications in risk management, board directorship and art appreciation.
Established in 2006 by Mr. Ning Tang, CEO, CreditEase is a Fintech company in China, specializing in small business and consumer lending as well as wealth management for high net worth and mass affluent investors. Its wholly owned subsidiary Yirendai (NYSE: YRD), an online consumer finance marketplace, is listed on the New York Stock Exchange.
Since 2012, the company has set up a series of funds to invest in venture capital funds in China and globally. It established the Fintech Investment Fund in 2015 which shall raise, in several tranches, an equivalent of USD1 billion to identify global leaders in the financial technology industry.
Other funds include a credit fund to invest on international marketplace platforms and an Israel Innovation Fund to invest in specialized innovative companies.