NEW YORK, March 20, 2017 /PRNewswire/ -- OnDeck®
(NYSE: ONDK), the leader in online lending for small business,
announced today that it will be adding Jim
Rosenthal, the former chief operating officer of Morgan
Stanley, to its board of directors, effective April 3, 2017.
During his tenure at Morgan Stanley, Rosenthal served in a
variety of roles, including as COO of the company from 2011 to 2016
and as chairman and chief executive officer of Morgan Stanley's
approximately $130 billion national
bank. In his role as COO, Mr. Rosenthal was responsible for
overseeing firm-wide technology and operations, Morgan Stanley's
wealth management digital business, corporate strategy,
re-engineering and expense management, technology company
relations, and cybersecurity. He remains a senior advisor to Morgan
Stanley.
"We are thrilled to have an experienced financial leader like
Jim Rosenthal joining our board,"
said Noah Breslow, chief executive
officer, OnDeck. "Jim is a supremely talented executive whose
vision contributed greatly to the success of Morgan Stanley and
other organizations. His experience as an innovator at the
intersection of technology and financial services, combined with
his comprehensive knowledge of financial institutions, will add
great value to OnDeck as we build on our leadership as the nation's
largest online lender to small businesses."
Rosenthal has more than two decades of experience across a wide
spectrum of financial services. He joined Morgan Stanley in
March 2008 from the global real
estate company, Tishman Speyer,
where he served as chief financial officer. Prior to that, he
worked at Lehman Brothers, serving as head of corporate strategy
and execution and as a member of the firm's management committee.
Rosenthal began his career with McKinsey & Company, where he
was a senior partner, specializing in financial institutions.
"This is an exciting time to be joining OnDeck's board of
directors," Rosenthal said. "As the nation's largest online lender
to small businesses, OnDeck is a proven innovator in providing
capital to Main Street. I am enthusiastic about being part of the
next phase of the company's execution of its long-term growth
strategy."
Mr. Rosenthal's appointment will expand OnDeck's board to nine
directors, eight of whom are independent. He will be a member
of OnDeck's Compensation and Risk Management Committees. Mr.
Rosenthal's appointment as a director is for an initial term
extending until the 2019 annual meeting of stockholders.
About OnDeck
OnDeck (NYSE: ONDK) is the leader in online small business
lending. Since 2007, the Company has powered Main Street's growth
through advanced lending technology and a constant dedication to
customer service. OnDeck's proprietary credit scoring system – the
OnDeck Score® – leverages advanced analytics, enabling
OnDeck to make real-time lending decisions and deliver capital to
small businesses in as little as 24 hours. OnDeck offers business
owners a complete financing solution, including the online lending
industry's widest range of term loans and lines of credit. To date,
the Company has deployed over $6
billion to more than 60,000 customers in 700 different
industries across the United
States, Canada and
Australia. For more information,
please visit www.ondeck.com.
OnDeck, the OnDeck logo, OnDeck Score and
OnDeck Marketplace are trademarks of On Deck
Capital, Inc.
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SOURCE On Deck Capital, Inc.