LONDON, July 10, 2018
- Olga Dolchenko, who is currently President, COO & CPO, is to be promoted to CEO
- As CEO, Olga will focus on achieving scale, expanding beyond student loans and growing their London office
- Alex King will retain a seat on the Board of Directors to provide strategic guidance and assist with the CEO transition
Olga Dolchenko, who is currently President at Future Finance (FF), the UK’s leading private student lender, will replace Alex King as CEO. As CEO, Olga will take FF to the next level with a strong emphasis on achieving scale and expanding beyond FF’s existing student loan product and university partnerships.
Olga has an outstanding FinTech track record and has consistently demonstrated strong leadership and deep operational expertise. Olga’s educational background includes a MBA from Emory University and an Engineering degree in computer systems. Olga joined FF as Chief Operating Officer/Chief Product Officer in early 2017. She brings significant expertise in consumer credit and product development through her leadership experience in a number of prominent FinTech companies in the US and the UK, as well as a top-tier management consultancy firm. Olga will also join the Board of Directors of FF in her capacity as CEO.
Olga will strengthen FF’s position as the partner of choice for borrowers looking to invest in their future through education. Olga will also expand FF’s London office with key additions in the Strategy, Partnerships, Marketing and Capital Markets teams whilst continuing to invest in FF’s Dublin-based Head Office/Operations Centre and FF’s Chicago Centre of Excellence.
FF is currently on solid ground due to Alex’s leadership during a challenging transition. As CEO, Alex recruited/retained a proven C-Suite (i.e., President/COO/CPO, CFO, CTO, CAO & GC, etc.) that devised a path to profitability, revamped the product, sold a £60MM back book, secured a £100MM facility with a new financing partner and closed a €40MM funding round.
Although Alex will step down as CEO, he will retain a seat on the FF Board of Directors to provide strategic guidance and assist with the CEO transition which we anticipate will be complete within 3 months.
Co-founder and Chairman of the FF Board, Adam Jiwan said: “The market opportunity for the invisible prime customers is extremely attractive, and we are excited to see Olga take the company to the next level as CEO. With the €40MM equity injection, £100MM facility in place and the right team in place, we have full confidence in Olga’s ability to accelerate Future Finance’s growth. We also wish to thank Alex for rebuilding the foundations placing Olga in an excellent position to succeed, and we look forward to Alex’s continued guidance as a Board member.”
About Future Finance
Future Finance, Europe’s leading student lender, provides competitive tailored loans to UK students whose government loans and bursaries are insufficient to cover higher education costs. Future Finance facilitates access to education through its proprietary lending platform built for the needs of students. This enables Future Finance to lend to students unlikely to obtain loans from banks or other traditional lenders.
Future Finance is authorised and regulated by the Financial Conduct Authority in the UK; Firm Reference Number is 719436.
SOURCE Future Finance