Lending Club appoints new Chief Lending Officer

Following on from a career at GreenSky and Wells Fargo, Ronnie Momen will lead an expansion of the marketplace lending giant's credit innovation strategy.

LendingClub has appointed Ronnie Momen, formerly of Wells Fargo, to serve as the company's chief lending Officer today, he will report directly to President Steve Allocca as part of the company's executive team.

Momen will oversee Lending Club's credit strategy including the use of credit data and analytics to further extend Lending Club's position as the largest US marketplace lender. 

"We are thrilled to have Ronnie join the leadership team. He brings deep experience in consumer credit strategies and using data insights to drive value and responsible growth," said Scott Sanborn, CEO of LendingClub. "

“Assessing risk is the heart of our business. It gives us the ability to offer access to affordable rates to borrowers and deliver quality returns to investors. In Ronnie, we've found the right person to lead our innovative efforts on credit forward as we continue to build a financial services ecosystem with Lending Club at its center."

Momen brings more than 28 years of lending experience, with his last position at online lending marketplace GreenSky where he served as chief credit officer.

Prior to GreenSky, he served as chief credit officer for consumer unsecured products at Wells Fargo where he was responsible for building the risk capabilities to transform the Card and Private Label product lines .

He has also held credit leadership positions with HSBC, most recently as EVP Head of Retail Risk – The Americas covering US, Canada, Brazil, Mexico and Argentina.