NEW YORK, Dec. 12, 2017 /PRNewswire/ -- OnDeck® (NYSE:
ONDK), the leading online lender to small business, today
announced the hiring of two senior financial services executives to
join its management team. Kelly
Merrill and Erich Wust will
assume new leadership roles that directly support OnDeck's mission
of empowering small business owners with the fastest and most
flexible credit solutions
Kelly Merrill joins OnDeck as the
Senior Vice President for Finance, where she will help lead the
company's short-term and long-term financial planning initiatives.
Merrill brings over a decade of finance experience to OnDeck from
GE Capital, where she played a leading role in developing and
executing the disposition strategy for GE Capitals's $200 billion balance sheet. Previously,
Merrill was the Chief Financial Officer (CFO) of GE Capital Real
Estate, where she led a team of more than 50 employees.
Merrill is based in New York City
and will report to OnDeck CFO Howard
Katzenberg.
Erich Wust has been appointed as
the Senior Vice President for Portfolio Management at OnDeck. He
will be responsible for managing portfolio credit strategies,
balance sheet optimization and other components of the company's
loan portfolio. Wust joins OnDeck after more than a decade in
credit and risk leadership roles at Sun Trust Bank. He most
recently served as the bank's senior vice-president of Wholesale
Modeling and Analytics. Wust will be based at OnDeck's
offices in Arlington, Virginia and
will report to the company's Chief Risk Officer, Nick Brown.
"We are delighted to welcome Kelly and Erich to OnDeck. Both are
proven leaders with strong track records of success in the
financial services industry," said Noah
Breslow, Chief Executive Officer, OnDeck. "Kelly and Erich
bring deep experience and expertise to their new roles, and their
leadership will be invaluable to OnDeck as we continue our strong
progress and evolution to profitability."
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
$8 billion to more than 80,000
customers in 700 different industries across the United States, Canada and Australia. OnDeck also licenses its
technology platform as a service, enabling banks and other small
business service providers to offer fast and efficient online loans
to their customers. OnDeck has an A+ rating with the
Better Business Bureau and operates the educational small business
financing website BusinessLoans.com. For more information, please
visit www.ondeck.com.
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SOURCE On Deck Capital, Inc.