The appointment has been made to support borro’s growth in both the UK and US markets and to help nurture its development as an online lending and liquidity marketplace for luxury personal assets.
Morris said: “borro is at a critical inflection point as it accelerates its growth in the US and embraces state of the art on-line marketing capability. I’m excited to be part of this stage in borro’s growth.”
Morris is currently the managing partner of QED Investors, a direct investment fund focused on high-growth companies, based in Alexandria, Virgina.
He also works in an advisory capacity with global investment firm General Atlantic Partners and international management consulting firm Oliver Wyman.
In his role Morris will work with borro’s existing board of directors led by chief executive and founder Paul Aitken.
The board includes non-executive directors Mark Blandford; the founder of Sportingbet; Paul Gratton, the former chief executive of Egg; Tim Levene, founder of Augmentum Capital; Ben Tompkins, general partner at Eden Ventures and Guy Buckley-Sharp, the chief financial officer.
Aitken said: “Nigel Morris is a perfect choice for role of chairman at borro. He brings a wealth of experience from years at the helm of fast growing online businesses in the financial services and online payments space. We are excited about the future of borro as we develop into a liquidity marketplace for luxury personal assets and I’m delighted to have Nigel on board.”
