Zopa, the British peer-to-peer loan pioneer, has appointed a new chief executive as it seeks to draw more pension and personal savers to the alternative finance market.

Jaidev Janardana, who joined the business last year as chief operating officer, is taking the helm two weeks after Zopa’s online platform processed its billionth pound of P2P lending. He will replace Giles Andrews, who will become executive chairman after co-founding Zopa in a Buckinghamshire barn just over decade ago.

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