Lending Club Names BlackRock Veteran Patrick Dunne as Chief Capital Officer
SAN FRANCISCO, July 18, 2016 /PRNewswire/ -- Lending Club (NYSE: LC), the world's largest online marketplace connecting borrowers and investors, announced today that Patrick Dunne has joined Lending Club as Chief Capital Officer. Dunne will be responsible for managing Lending Club's Investor Group which spans individual investors, strategic partnerships with retail distribution partners, banks and other institutional investors including asset managers, pensions, foundations and endowments.
Bringing 25 years of investment experience, Dunne has held a diverse set of senior investment leadership roles at BlackRock, iShares and Barclays Global Investors. His most recent roles include Head of BlackRock's San Francisco office and Head of iShares Global Markets and Investments where he led the iShares Capital Markets, Investment Research and Product Management teams, and oversaw more than 700 investment products with over $1 trillion in assets under management. Prior to that he was Global Chief Operating Officer for iShares.
"Patrick's wealth of experience and diverse background across capital markets, strategy, portfolio management, product development and client service will help us drive the next phase of Lending Club's growth," said Scott Sanborn, President and CEO of Lending Club. "Lending Club's success in democratizing access to consumer credit is just the beginning, and Patrick will play a key role in reaffirming our continued commitment to our investors."
"Over the last nine years, Lending Club has transformed access to consumer credit for all investors while delivering responsible credit to consumers. I see this as a tremendous opportunity to join an innovative company with a strong foundation and I look forward to being part of its continued success," said Dunne.
Dunne has his BA from the University of California at Berkeley and an MS in Management from the Stanford Graduate School of Business.
About Lending Club
Lending Club's mission is to transform the banking system to make credit more affordable and investing more rewarding. The company's technology platform enables it to deliver innovative solutions to borrowers and investors. We operate at a lower cost than traditional bank lending programs, so we're able to pass the savings on to borrowers in the form of lower rates and to investors in the form of solid returns. Lending Club is based in San Francisco, California. More information is available at https://www.lendingclub.com. Currently only residents of the following states may invest in Lending Club notes: AL, AR, AZ, CA, CO, CT, DC, DE, FL, GA, HI, IA, ID, IL, IN, KS, KY, LA, MA, ME, MI, MN, MO, MS, MT, NE, NH, NJ, NV, NY, OK, OR, RI, SC, SD, TN, TX, UT, VA, VT, WA, WI, or WY. All loans are made by federally regulated issuing bank partners.
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SOURCE Lending Club
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