Prosper Marketplace has appointed Usama Ashraf as Chief Financial Officer. Ashraf will oversee the company’s capital markets function, as well as all the company’s finance activities.
As head of the Capital Markets team, he will be responsible for expanding the company’s funding sources by bringing new investors onto the Prosper lending platform.
Ashraf brings more than 18 years of experience spanning corporate finance and global capital markets, including funding, securitisation, financial reporting, planning, investor relations, balance sheet management, strategy, and mergers and acquisitions.
He has held senior leadership positions at prominent financial services companies, most recently as Deputy Chief Financial Officer and Treasurer at Annaly Capital Management and Corporate Treasurer at USAA.
“We’re thrilled to have someone with Usama’s experience and track record in finance and global capital markets join our team," said David Kimball, who recently replaced Aaron Vermut as CEO of Prosper Marketplace. "Usama will be instrumental in bringing new institutional investors onto the Prosper platform, including banks, as we continue to grow the platform in 2017.”
Mr. Ashraf himself also commented: “I’ve watched the online lending industry with keen interest over the past year, and I have been impressed with Prosper’s resiliency and commitment to innovation.