LendingClub hires Thomas Casey as CFO

LENDINGCLUB today said it has hired industry veteran Thomas Casey as its chief financial officer.

The scandal-struck US peer-to-peer platform lost its former CFO Carrie Dolan last month, following the high-profile resignation of founder Renaud Laplanche as chief executive on 9 May.

NYSE-listed LendingClub has seen its share price halve this year, following a probe into altered loan documents and a US Department of Justice investigation. Last month it reported a bigger-than-expected quarterly loss as it struggles to attract investors back to the platform.

“Lending Club’s success to date is just the beginning,” said Casey. “I look forward to adding my talents to this outstanding team in order to deliver long-term value for shareholders and support Lending Club’s mission to transform the banking system.”

Casey joins LendingClub from advanced wound care and regenerative medicine company Acelity, where he was executive vice president and CFO. He has more than two decades of financial services experience at GE Capital, Washington Mutual, JP Morgan Chase, and Citicorp.

His new appointment takes effect on 19 September.

Brad Coleman, who was appointed interim CFO after Dolan stepped down, will remain in his role as principal accounting officer and corporate controller reporting into Casey.

The company’s share price was flat in extended trading.