FOLK2FOLK announces leadership transition

FOLK2FOLK, a peer-to-peer business lending platform based in Launceston, Cornwall, has announced a leadership transition to support its next stage of growth.

Managing director Roy Warren has retired after six years at the helm, during which time the company achieved six consecutive years of profitability and expanded from a regional challenger to a national alternative finance provider. 

He will remain involved as an independent non-executive director from January 2026.

He is succeeded by Kawai Chung, who joins as chief executive with over two decades of financial services and asset-backed lending experience.

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, building new investment opportunities, and continuing to deliver value for investors while supporting regional businesses.”

In addition, Claire Richards has been named executive director designate, subject to FCA approval. 

Claire is currently head of operations and has been with FOLK2FOLK since 2018.

Founded in 2013, FOLK2FOLK has deployed more than £780 million in secured lending to SMEs across the UK, supporting regional economies and rural businesses.

Tim Sawyer, chairman of FOLK2FOLK, added: “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 chief executive. 

“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. 

“This is an exciting moment for the company.”

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