Paul Muhr has joined Finstar Financial Group where he will lead M&A and Capital Markets projects. Muhr was most recently a Vice President at Citi.
Moscow, 29 March 2016 – Finstar Financial Group announces the further enhancement of its M&A capabilities. Paul Muhr recently joined Finstar and has been appointed to lead the Group’s M&A and Capital Markets projects. The corporate developments will help Finstar capitalize on the substantial growth opportunities in the financial technology industry.
Paul Muhr has more than 9 years of experience in banking of which he spent almost 7 years in investment banking working on various M&A, IPO and financing projects for FIG clients, predominantly banks and consumer finance companies in EMEA. Prior to joining Finstar, he most recently worked as a Vice President at Citi and was previously at Goldman Sachs in 2010-2015, based both in London and Moscow. From 2007-2010, he worked at Citi in London, where he started his career.
Nicholas Jordan, CEO of Finstar, commented: “Finstar is developing an impressive financial technology portfolio that will deliver substantial growth, as our investments address revolutionary challenges facing the financial services industry”.
“With the adoption of fintech services anticipated to double in 2016 among digitally active consumers, fintech disruption has gathered momentum that will not subside. Clients seek unparalleled speed and convenience that can only be achieved with a focus on data and the industry’s rapid rise presents significant opportunity for consolidation. We are delighted to welcome Paul to the team and know that his experience and insights will be instrumental as we reinforce our commitment to the sector”.
This current appointment is in line with Finstar’s strategy to grow its financial technology and consumer finance capabilities. The company recently established strategic partnerships with several fast-growing lenders across Europe, including Spanish financial group Prestamos Prima (the companies plan to jointly extend its P2P platform Viventor), and Euroloan, a Northern European fintech company. Last year, Finstar also announced the launch of its own portfolio company, Digital Finance International, with the aim of applying technology to deliver tailored consumer lending solutions globally.