ZOPA has appointed former payday lending boss Zitah McMillan as a non-executive director on the board of its peer-to-peer business, Peer2Peer Finance News can reveal. In April, Zopa restructured its governance, creating a separate P2P board headed up by former Peer-to-Peer Finance Association chair Christine Farnish, and one for the planned bank that will be chaired by former Barclays and GE Capital banker Peter Herbert.
McMillan previously held top communications roles at the Department of Work and Pensions and the Financial Conduct Authority. She left the City regulator in 2014 to become regional chief executive of Dollar Financial Group in Europe, which owns an array of lenders that provide short-term loans, pawnbroking and gold buying services. It operates a number of payday lending brands in the UK including The Money Shop and Month End Money. McMillan resigned from Dollar Financial Group on 27 February 2018 and was named as a director at Zopa on 13 September 2018, according to documents filed with Companies House.