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Santander UK senior manager departs for MarketInvoice

Shaun Alexander left Santander UK Group Holdings Plc to join MarketInvoice as head of risk.

Alexander worked as head of risk for asset-based lending at the Banco Santander SA unit, managing credit risk across the company's invoice finance and asset finance product range. He began his career at Barclays, where he worked for 22 years, most recently as head of credit.

In his new role, Alexander will work directly with MarketInvoice co-founder and COO Ilya Kondrashov to devise the company's risk management strategy and improve its credit scoring systems and risk policies, while also leveraging artificial intelligence and machine learning to lead the automation and accuracy of MarketInvoice's risk process.

MarketInvoice, which aims to expand its reach to a wider range of businesses, assists firms through financing their invoices.