SoFi Hires Mortgage-Bond Sales Chief Deutsche Bank Dismissed

Social Finance Inc., an online lender, has hired Ashish Jain, the securitized-debt salesman terminated from Deutsche Bank last year after an internal probe.

Jain, who ran a sales desk in New York, will help manage SoFi’s efforts to bundle up its loans into bonds and sell them to investors, said Chief Executive Officer Mike Cagney. Deutsche Bank AG’s former co-CEO, Anshu Jain, an adviser to SoFi, had worked with Ashish Jain while at the German bank and vouched for him based on that experience, according to a person familiar with the matter.