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LendingClub Hires Wall Street Executives for Investor Office

  • New hires held senior roles at BlackRock, Morgan Stanley
  • Kay will focus on institutions, Suri on retail investors
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LendingClub Corp. hired a pair of Wall Street executives to strengthen relationships with investors after many pulled back from buying the loans it arranges online during a tumultuous second quarter.

Valerie Kay, previously at Morgan Stanley, will join LendingClub’s investor group as head of institutional clients, the company said Wednesday in a statement. Raman Suri, who worked at BlackRock Inc., will handle retail investors. Both will be senior vice presidents and report to chief capital officer Patrick Dunne.