Former US peer-to-peer lending platform LendingClub has made a raft of new hires for its digital bank.
The firm has promoted Ronnie Momen from chief lending officer to the firm’s first chief consumer banking officer.
It has also appointed David Bolocan as senior vice president of deposits and payments, Jamie Armistead as vice president of product management and Amber Carroll as senior vice president of membership and lifecycle marketing.
Bolocan left BBVA USA where he was head of deposits and segments for three years while Armistead joins from Zelle where he served as the vice president, business line leader influencing strategy and overseeing product management.
Carroll joins from Freedom Mortgage where she worked as the SVP of digital marketing and will start on 14 June at LendingClub.
LendingClub closed to retail P2P investment late last year as part of its plans to transition to a digital banking operation. In February it completed its acquisition of digital lender Radius Bancorp.
“Consumer loans – and personal loans in particular – has been the growth engine that has enabled us to become one of the largest fintechs in the country and will continue to accelerate our growth as we increase market share and drive towards profitability,” said Scott Sanborn, chief executive of LendingClub.
“As we prepare for our next chapter of growth, I can think of no one better than Ronnie to lead our consumer business forward.
“We’re pleased to also welcome David, Amber and Jamie to LendingClub. David’s strategic thinking and extensive hands-on experience managing retail banking products will prove invaluable as we grow.
“Additionally, with such a breadth of consumer financial services marketing experience in, we’re thrilled to have Amber at the helm leading our membership experience.
“Lastly, coming to us with expertise across banking products and digital channels, along with product management experience and design-first thinking, we are excited to add Jamie to the team.
“The opportunity in front of us is massive, and we’re firing on all cylinders with a clearly differentiated approach as the leading digital marketplace bank in the country.”