SAN FRANCISCO, July 16, 2018 /PRNewswire/ -- LendingClub
Corporation (NYSE: LC), America's largest online lending
marketplace connecting borrowers and investors, today announced
that it has selected seasoned consumer credit veteran Ronnie Momen to serve as the company's Chief
Lending Officer. Momen will oversee LendingClub's credit strategy
including the use of credit data, analytics and innovative products
to extend LendingClub's lead in the industry by continuing to
unleash the power of the marketplace to offer affordable rates to
borrowers and deliver quality returns to investors.
"We are thrilled to have Ronnie join the leadership team. He
brings deep experience in consumer credit strategies and using data
insights to drive value and responsible growth," said Scott Sanborn, CEO of LendingClub. "Assessing
risk is the heart of our business. It gives us the ability to offer
access to affordable rates to borrowers and deliver quality returns
to investors. In Ronnie, we've found the right person to lead our
innovative efforts on credit forward as we continue to build a
financial services ecosystem with LendingClub at its center."
Momen brings more than 28 years of experience developing
innovative, forward-looking and collaborative credit organizations.
He joins LendingClub from GreenSky, where he served as Chief Credit
Officer.
"LendingClub pioneered the use of technology and the marketplace
model to deliver access to affordable credit," said Momen. "I'm
looking forward to working with the team to continue leveraging the
scale of LendingClub's data and analytics to further unleash the
company's potential and deliver on its mission of helping more
people achieve financial success."
Prior to GreenSky, he served as EVP and Chief Credit Officer for
Consumer Unsecured Products at Wells Fargo, where he was
responsible for building the risk capabilities to transform the
Card and Private Label product lines and drove substantial growth.
He has also held credit leadership positions with HSBC, most
recently as EVP Head of Retail Risk – The Americas covering US,
Canada, Brazil, Mexico and Argentina; and previously Discover Financial
Services.
Momen joins LendingClub effective July
16, 2018 and will report directly to President Steve Allocca as part of the company's executive
team.
About LendingClub
LendingClub was founded to transform
the banking system to make credit more affordable and investing
more rewarding. Today, LendingClub's online credit marketplace
connects borrowers and investors to deliver more efficient and
affordable access to credit. Through its technology platform,
LendingClub is able to create cost efficiencies and passes those
savings onto borrowers in the form of lower rates and to investors
in the form of solid returns. LendingClub is based in San Francisco, California. Currently,
residents of the following states may invest in LendingClub notes:
AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY,
LA, MA, ME, MD, MI, MN, MO, MS, MT, ND, NE, NH, NJ, NV, NY, OK, OR,
RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, WV, or WY. All loans are
made by federally regulated issuing bank partners. More information
is available at https://www.lendingclub.com.
View original content with
multimedia:http://www.prnewswire.com/news-releases/lendingclub-appoints-ronnie-momen-as-chief-lending-officer-300681544.html
SOURCE LendingClub Corporation