Funding Circle lures financial officer from U.K.'s Auto Trader

The marketplace lender Funding Circle has named an online auto sales executive as chief financial officer.

The London company on Monday said it has appointed Sean Glithero to the position effective immediately.

Glithero had been CFO at the British firm Auto Trader Group since 2012. Glithero succeeds Jeremy Bennett, who moved into a senior advisory role, according to a spokesman for Funding Circle.

Funding Circle, which specializes in small-business lending, last month hired a new U.S. head of capital markets and a new U.S. chief compliance officer.

Funding Circle said it has lent more than $3.8 billion to about 32,000 companies in the U.S., U.K. and Europe since 2010.