Comments on: Asheesh Advani Steps Out of Virgin Money – Or Was He Pushed Out?

By: Rakesh Advani

Rakesh Advani — Tue, 08 Mar 2011 19:31:50 +0000

As a family relation of Asheesh, I am sorry to say and fully the ‘woman’ angle is the reason for dismissal, nothin more can I say… but all are human and he is a good person

By: Paul

Paul — Wed, 10 Feb 2010 21:19:07 +0000

I was one of the few minorities working in both CircleLending and Virgin Money, and to have these kind of allegations made toward Asheesh is pure hogwash. I have great respect and admiration toward Asheesh and wish him the best.

By: Craig

Craig — Tue, 17 Nov 2009 20:41:06 +0000

There was total mismanagement of the company and to say it was just restructuring is a joke. Virgin invested over 50 million and has nothing to show for it. They were asleep at the wheel thinking social lending was a billion dollar business and then let Advani invest in the mortgage business at a time the industry was in shambles. Anyway you cut it Virgin Money USA is a failure.

By: Peter

Peter — Sun, 15 Nov 2009 16:04:08 +0000

Much of the stuff written above is totally ridiculous. Virgin Money went through a global restructuring a year ago. Branson announced he wants to enter the banking business and build an online bank. Type “virgin money uk” into Google News and you will see many articles on this. Three of the four Virgin Money CEOs left as part of the restructuring, including Advani in the US, the guy in the UK, and the guy in Australia. As anyone who’s actually worked at the company would know, there was no sexism, no racism, no demotion – as some of the rumor-mongering on this site claims. This probably also shows why Virgin sold the mortgage biz, and why they are keeping the online social lending products, not the mortgage ones that don’t fit online banking.

By: Virgin Money Letting US Business Fade Away | P2P Lending News

Virgin Money Letting US Business Fade Away | P2P Lending News — Thu, 12 Nov 2009 05:39:18 +0000

[...] awry at Virgin Money was the awkward resignation of CircleLending’s founder Asheesh Advani. Our post on Advani’s resignation has drawn a lot of comments, including accusations of sexism, racism, and general incompetence. [...]

By: David

David — Sun, 08 Nov 2009 17:32:03 +0000

What did I tell you P2P Lending News??? You really ned to break this story, because nobody else seems to be paying attention! Check out Virgin Money’s website! (1) They are no longer offering institutional mortgages. Former VM Mortgage GM Greg O’Conner bought back the mortgage business, now called Clear Point Funding. (2) Virgin Money has eliminated all P2P private mortgage mortgage programs (their only unique product, really.) (3) Virgin Money has eliminated all loan servicing on new P2P loans, including credit reporting. (4) Virgin Money is now outsourcing the loan servicing on existing accounts to another company. (5) Virgin Money recentley laid off 80% of their staff and removed the sign from their posh office space in Boston. (6) Try calling their customer service reps and see what kind of strange answers you get from them! You run a great site! Check this out for yourself and break the story!!!

By: David

David — Thu, 24 Sep 2009 16:19:40 +0000

Word in the mortgage industry is spreading like wild-fire that Virgin Money, USA is on death’s door-step. Mortgage GM Greg O’Conner is shopping the business like crazy with little to no interest. The social lending side of the business is all smoke and mirrors anyway. From what I’ve heard, Advani was replaced by a big-shot from London who’s desperately trying to save the business and protect the brand from a huge failure. Look for Virgin to sell off what little they have, or simply dissolve in the next few weeks.

By: Craig

Craig — Sun, 13 Sep 2009 02:08:25 +0000

Mike, come on if you know Asheesh he wasn’t great running a company. I’d debate you all day on this the guy is a clown.

By: Mike

Mike — Fri, 11 Sep 2009 19:43:57 +0000

These comments sound like sour grapes to me. I’ve know Asheesh for some time and those allegations are crazy. Easy to start rumors while sitting anonymously behind your computer screen.

By: Sam Smith

Sam Smith — Fri, 11 Sep 2009 18:16:55 +0000

I don’t know about targeting a Black employee but I can tell you the rest is true having worked at Virgin for many years. Asheesh is just not a leader, he can’t relate to employees and thinks he is smarter than everyone else.

He should not be a management role but in a support function.

By: P2P Lending News

P2P Lending News — Tue, 18 Aug 2009 17:54:41 +0000

Carl – your statement is very incendiary. Can you actually back up any of your assertions?

By: Carl Lewis

Carl Lewis — Wed, 12 Aug 2009 19:12:42 +0000

This is a guy who hadn’t learned that having personal non work related dealings with female employees is not cool.

Further I hope he has taken as an object lesson what can happen when a leader targets a Black employee for termination when the employee’s only crime was to stand up for himself in a private conversation with Asheesh.

This goes to show that every whiz kid is not cut out to lead people and organizations.