CrossLend, the digital debt marketplace dedicated to rewiring Europe’s debt ecosystem in the spirit of the capital markets union, has appointed Jochen Weiss new Director to navigate regulations and accounting solutions, adding thought leadership from the banking industry to further expand its platform.
Jochen Weiss, former Senior Advisor Client Regulation and Accounting for Institutional Clients at DekaBank Deutsche Girozentrale, has joined CrossLend in July 2020 as Director of Regulatory and Accounting Solutions. Weiss brings with him almost 20 years’ of experience in the banking and financial services industry. He is particularly skilled in risk management, banking and insurance regulations, as well as accounting under international and local GAAP.
Prior to his time at DekaBank, he worked for BNP Paribas and KPMG in Frankfurt am Main. At both DekaBank, and BNP Paribas, Weiss specialised in structured financial transactions for capital market transactions as well as investment funds, focusing on regulatory and accounting issues. At CrossLend, he will focus on capital market transactions for banks, insurance companies, and pension funds, among others.
Of his new responsibility, Jochen Weiss says:
“With the financial industry currently going through a massive transition process, the regulatory environment of investors and originators is becoming more and more complex. Understanding the individual environment is key to making sure that financial products suit the purpose of market participants. At CrossLend, we have to be at the cutting edge of data technology and ensure that legislation, which is still very fragmented, is standardised on one platform. This way the CrossLend model will transform the future of debt capital markets.”
Oliver Schimek, CEO and Founder of CrossLend:
“Jochen adds incredible value to the team when it comes to understanding regulatory and accounting issues and finding the right solution to move forward so that we can provide the best possible solutions for our client base. As we expand our marketplace, we are looking to continuously add thought leaders from banking, such as Jochen, to our team, taking a best-in-class approach.”
CrossLend is a FinTech, authorised by BaFin and CSSF, which has developed a European digital debt marketplace. On the marketplace, assets are transformed into securities or other investable formats.
Originators such as banks, savings banks, cooperative banks, special credit institutions and FinTech credit platforms from Europe offer their assets to European institutional investors for purchase via the marketplace.
The advantage of the CrossLend marketplace is the standardised and well-structured and transparent presentation of the originators’ credit data. This makes it easy for investors such as other banks, insurance companies, investment companies, pension funds and pension schemes to identify and compare loans according to their criteria. Since CrossLend brings together originators and investors from all over Europe on a central platform, CrossLend actively contributes to the European Capital Markets Union. CrossLend was founded in Berlin in 2014 and employs more than 70 people from over 30 countries. In addition to its headquarters in Berlin, CrossLend has offices in Frankfurt, Vienna, Luxembourg and London.