LendingMetrics, the credit risk technology group, has appointed software expert David Murray as Non-Executive Chair.

The appointment follows LDC’s recent investment in LendingMetrics and David will work alongside CEO Neil Williams and Commercial Director David Wylie as they scale the business’ presence in the UK’s fast-growing decisioning software and data market.

David Murray brings more than 30 years’ experience in software engineering and IT to LendingMetrics. He was the co-founder and CEO of software company Kirona, where he scaled the business from a start-up to a final exit EV in excess of £50m, through two rounds of private equity investment before an eventual trade sale.

Since then, he has supported several private equity-backed businesses on their growth journeys. This includes his role as the Non-Executive Chair of ENSEK, a leading provider of digital transformation services in the energy sector, where he contributed to the company's growth leading up to its recent successful exit to Centrica, and his position as Non-Executive Director of the market-leading sustainability data and technology provider Sedex.

In his role at LendingMetrics, David will also support the management team as they explore complementary acquisitions and organic growth within financial services and new industry verticals with similar credit risk challenges, such as the telecoms, utilities and insurance markets.

Commenting on his appointment, David said: “It’s exciting to be joining LendingMetrics at such a pivotal moment in its growth journey. The business offers highly sophisticated and disruptive technology and is at the cutting edge of credit risk innovation. I’m looking forward to working with Neil, David and the rest of the management team as they pursue their growth strategy.”

Neil Williams, CEO of LendingMetrics, added: “David has a proven track record in scaling software companies and his experience will be invaluable as we continue to innovate and expand our proposition. We look forward to his support as we embark on this exciting new chapter.”

Oliver Schofield, Investment Director at LDC, said: “David is an important addition to the LendingMetrics team, and his expertise will be instrumental in guiding the company through its next phase of growth. It’s great to have him on board.”

Founded in 2010, LendingMetrics’ software and data solutions help hundreds of companies to make highly sophisticated automated and risk-based lending decisions. The business’ client base includes building societies, online lenders, mortgage companies, credit card providers and commercial lenders.

LDC’s investment in LendingMetrics has now completed following FCA approval.