CrossLend, a digital debt marketplace, expands to Austria and appoints Ingo Rieger as Country Head

20.02.2020

CrossLend, a digital debt marketplace, continues its rapid expansion by opening a new office in Vienna, a strategic Central European hub for financial institutions. Ingo Rieger, the newly appointed Country Head, with over 20 years of experience in investment banking that spans London, Frankfurt, and Vienna, will lead the expansion in Austria.

In his previous roles as Executive Director at Nomura International in London, Director at Barclays Capital in London, and Director at Deutsche Bank in Frankfurt, Rieger managed the structuring and distribution of products across diverse asset classes to banks as well as corporate and institutional clients in the DACH region. Prior to joining CrossLend, he worked as Head of Markets at Kommunalkredit Austria, an infrastructure bank, where he helped establish their capital and retail funding base after the privatisation of 2015 which substantially broadened its investor base.

With a strong purpose to provide a transparent, efficient, and seamless debt marketplace for European investment in the digital age, CrossLend has brought cutting edge technology to investment banking in European debt markets.

Since capital markets remain particularly inefficient with respect to credit risk/return, CrossLend will support capital and credit risk management by providing its tech driven and data centric platform. “Any modern balance sheet management requires digital solutions with a focus on efficiency and transparency,” says Rieger. The new presence in Vienna under Rieger’s leadership will accelerate CrossLend’s ability to help the local banking management deal with challenging market conditions and increasing regulation.

Austria is a priority for CrossLend given its highly developed banking sector, with one of the largest branch networks in Europe and a focus on Central and South-Eastern Europe. “Vienna is a city with a vibrant banking industry. We are delighted to play a role in supporting transparent and efficient lending and debt investment solutions across the region. It’s great to have Ingo on board as a local presence in this key European market,” says CrossLend CEO Oliver Schimek.

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. More info:

www.crosslend.com

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