The transition team for President-elect Donald Trump announced a series of names this week for people who will help facilitate an orderly transfer of power at the federal financial regulators.
The Lending Club founder is listed as president of Credify Finance on a Nevada corporate filing. A separate Delaware filing states that the firm was established on May 31, barely three weeks after he Laplanche stepped down amid a scandal at his former firm.
Vermut stepped down last week but will remain a director at the San Francisco-based online lender, according to the report, which cites unnamed sources. David Kimball, Prospers chief financial officer since March, has been promoted to CEO, the report said.
Structured credit firm ZAIS Group has hired two new executives to spearhead its collateralized loans obligation and other asset-backed businesses out of London.
KeyBanc Capital Markets, the investment banking arm of Cleveland-based KeyCorp, has expanded its fixed income platform with the addition of a five-person asset-backed team from BB&T Capital Markets.
Treasurer, Head of Asset Management
Firm: NewStar Financial
The wireless carrier, though only rated single-B, has more leeway from existing investors to enter into a transaction like this than even some investment-grade companies, according to Covenant Review.Current Issue