A LAUNCESTON-based business lending platform, has revealed its newly appointed CEO.

Following the retirement of managing director, Roy Warren, FOLK2FOLK has announced that he is succeeded by Kawai Chung as chief executive officer, with Roy supporting a smooth transition.

Under Roy’s leadership, the award-winning FOLK2FOLK has delivered six consecutive years of profitability, establishing a strong and sustainable platform for growth. The business has deployed more than £780-million in property-backed loans to small businesses across the UK, evolving from a regional challenger into a recognised national alternative to traditional finance. It is known for its human approach, consistent delivery for borrowers and investors, and a commitment to supporting regional businesses and economies.

Tim Sawyer, chairman of FOLK2FOLK, said: “Roy has steered FOLK2FOLK through a transformative period, delivering consistent profitability and embedding the values that set this business apart. We’re grateful for his leadership and pleased we’ll continue to benefit from his insight and experience on the Board. At the same time, we’re delighted to warmly welcome Kawai as CEO. His depth and breadth of experience in financial services and alignment with our mission make him the right leader to take FOLK2FOLK into its next chapter.”

Kawai joins FOLK2FOLK with more than 20 years’ experience in financial services and asset-backed investing, having held senior leadership roles at challenger banks, private equity firms, and investment managers, including SilverRock Financial Services (now part of GB Bank), Intriva Capital, and ARA Venn.

Kawai said: “I’m honoured to be joining FOLK2FOLK at such a pivotal moment. The business has carved out a distinctive space in UK finance, and I’m excited to build on that legacy. My focus will be on broadening our reach, strengthening our proposition, and continuing to deliver value for both borrowers and investors.”