Premium Credit names chief risk officer

Premium Credit has hired Rohit Ghai as its chief risk officer in a newly created role.

Ghai will lead the premium finance firm’s risk, compliance and legal functions.

He joins from PayPal UK, where he was head of risk and compliance UK until June 2024 and interim chief risk and compliance officer between October 2023 and March 2024.

Prior to PayPal UK, Ghai worked at Visa Europe for nearly four years in a number of senior roles, including head of operational and technology risk for Europe.

He began his career with financial services firm GE’s corporate leadership programme in 2001, before moving on to work for  GE Capital in several senior roles between 2005 and 2017, including as assistant vice president for capital markets.

Exciting time

Ghai explained: “I am pleased to join Premium Credit at such an exciting time in [its] growth plans. I look forward to playing my part in the next stage of the business’s development.”

Tara Waite, chief executive at Premium Credit, also welcomed Ghai to the executive team.

She said: “Ghai will be proactively engaging with regulators and industry bodies, providing guidance on the changing regulatory environment and demonstrating Premium Credit’s regulatory expertise through engaging thought leadership.

“Ghai will be responsible for building on the excellent work our existing risk team has driven to date.

This key appointment will strengthen our current capability, ensuring we are highly proactive at this critical point of our journey, delivering on our purpose, strategy and growth ambition and navigating the rapidly changing regulatory landscape.”