CHICAGO, Feb. 21, 2017 /PRNewswire/ -- Avant is pleased to welcome Grant Miles, a financial industry veteran with global banking giant HSBC, as Chief Risk Officer of the company. Mr. Miles has served as a special advisor to Avant for the past two years on areas ranging from risk management and underwriting to quantitative methods and modeling.
"Grant brings tremendous experience to consumer underwriting through numerous economic cycles, and has unique expertise in evaluating near-prime consumer credit, which remains Avant's core focus," said Al Goldstein, CEO of Avant. "Grant's insight into credit related strategies and the financial services industry will be invaluable to our executive team as we continue to grow Avant's financial products."
Mr. Miles has over 33 years of industry experience including several roles with HSBC North America Limited and HSBC Holdings LLC London. Mr. Miles most recently served as Chief Risk Officer and Executive Vice President for HSBC's US Consumer and Mortgage Lending businesses. Mr. Miles also served as Group Head of Risk for Cards and Managing Director for Retail Cobrand Cards, where he oversaw the successful launch of three retail cobrand programs across the Visa, MasterCard and American Express brands.
"Avant has demonstrated a sustainable business model and has brought innovation to the way consumers borrow. I look forward to joining a company that is at the forefront of changing the industry," said Grant Miles.
Avant has established a global base of over 500,000 customers with more than $3.6 billion originated through its lending platform. This year Avant plans to expand its offering of technology solutions to bank and non-bank partners via its Powered By Avant product, which offers an innovative digital lending experience to a greater reach of customers.
Avant is an online lending platform that is the leading provider of credit alternatives to middle income consumers in the US & UK. Avant offers access to unsecured personal loans ranging from $1,000-$35,000 with funding as soon as the next business day, and has served more than 500,000 customers worldwide. Avant also offers its technology solutions to bank and non-bank partners via its Powered By Avant product to offer an innovative digital lending experience to customers. Avant, founded in late 2012, has raised over $600 million of equity capital and originated over $3.6 billion of loans through its platform.
CONTACT: Carolyn Blackman Gasbarra, 312-763-7410, [email protected]