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LendingClub has hired a former executive from one of the largest U.S. bank failures to help it recover from its own troubles. Thomas Casey, who was WaMu’s finance chief from 2002 until it was seized and its assets were sold to J.P. Morgan Chase in the fall of 2008, will take over the role at LendingClub starting Sept. 19.
San Francisco-based LendingClub has spent much of the past several months trying to contain the fallout from the surprise ouster of its former chief executive, Renaud Laplanche. In May, Mr. Laplanche was forced out of the firm he founded after an internal review discovered that he failed to report errors related to a sale of the company’s loans and that he failed to disclose a personal interested in an outside investment fund.
http://www.wsj.com/articles/lendingclub-taps-thomas-casey-as-finance-chief-1473713678
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