By Emily Nicolle on Wednesday 13 December 2017
The marketplace lender is bringing in the big guns.
Peer-to-peer lender Prosper has announced it will be appointing former JP Morgan chief marketing officer Claire Huang to its board of directors.
During her 30-year career, Huang has held senior leadership positions across the board, including at Bank of America, Fidelity Investments and American Express. She comes to Prosper from JP Morgan Chase, where she was tasked with revitalising the company’s brands to deliver on the firm’s growth strategy.
The online marketplace lender is one of the largest platforms in the US for consumer lending, having originated over $10bn in personal loans to date. Prosper raised its total equity to $410m in September this year, after securing a $50m Series G investment from a fund co-managed by FinEX Asia.
“Claire is a highly regarded marketing executive with a track record of delivering strong results for major financial institutions and customer-focused brands,” said David Kimball, CEO, Prosper.
“We’re thrilled to have her join our board, and look forward to leveraging her diverse perspective and expertise as we continue to enhance our customer experience and invest in our platform and products.”
Huang currently serves on several boards, including AI-based SME lending platform Mirador, and the Conquer Cancer Foundation.
“Prosper’s consumer lending platform offers incredible benefits to people looking to borrow money at competitive rates and investors who want access to the consumer lending asset class,” said Huang.
“I think there is an exciting opportunity to build greater awareness of the company and its products, and I’m excited to work with David and the entire Prosper team to help drive the company’s growth.”