CrossLend, the digital debt marketplace dedicated to rewiring Europe’s debt ecosystem in the spirit of the capital markets union, has brought new, high profile expertise to its management team to further accelerate its growth. Christoph Polomsky, who held the post of Head of Insurance and Pension Fund Coverage at BNP Paribas for over a decade, has joined CrossLend in the role of Chief Sales Officer.

Polomsky brings with him over 25 years’ experience in investment banking and finance, with a focus on structured products and alternative investments. Prior to his time at BNP Paribas, he held several managerial roles at Citigroup (2004-2007), Deutsche Bank (1999-2004) and SBC Warburg/UBS in Frankfurt and London.

In his new role at CrossLend, Polomsky will head the international sales department – currently based across Berlin, Frankfurt, London and Luxembourg –  further driving the company’s reach to new markets and new partners. Polomsky’s in-depth knowledge of capital markets and the internal workings of financial institutions will ensure CrossLend continues to deliver on the needs of the originators and investors it connects via its digital marketplace. This will empower originators to grow their business and investors to deploy capital more effectively, in alignment with the company’s mission to bring greater efficiency, transparency and profitability to the lending and investment industry and get capital flowing to Europe’s real economy.

Of his new responsibility, Christoph Polomsky says:
“The many years I’ve spent in banking have shown me that the industry needs support embracing digital technologies – and these must naturally be built on rock-solid insights and display concrete benefits. By effectively rewiring the existing lending and investment ecosystem by means of standardised loan data and processes, CrossLend’s digital debt marketplace provides clear advantages in terms of cost, speed and simplicity. This model will transform the future of debt capital markets.”

Oliver Schimek, CEO and founder of CrossLend:
“Christoph has an intimate understanding of the challenges financial institutions are currently facing: low interest rates, tighter equity regulations and the many hurdles associated with digitalisation, to name a few. As we continue to roll out and scale our digital debt marketplace across multiple new countries and asset classes, Christoph’s first-hand insights will contribute to the enrichment of our offering for both existing and prospective partners. As we expand our marketplace, we are looking to continuously add thought leaders in technology and banking, such as Christoph, to our team – with a best-in-class approach.”

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About CrossLend

CrossLend is a digital debt marketplace with a mission to make the world’s lending and investment ecosystem more efficient, transparent and profitable. By means of an innovative securitisation solution, CrossLend seamlessly connects originator supply with institutional investor demand, creating beneficial opportunities for both. With lenders empowered to lend more and investors able to deploy their capital more efficiently, liquidity is available to flow where it is needed: a win-win situation for all. CrossLend is backed by an array of prestigious equity investors from Europe and the US, including Santander InnoVentures, Lakestar, CME Ventures, Earlybird, ABN AMRO’s Digital Impact Fund, solarisBank, finleap and the Luxembourg Future Fund (EIF and SNCI). CrossLend is working to create a secondary market which, together with its primary market, will further strengthen its efforts to make the Capital Markets Union a reality.

www.crosslend.com