SOURCE: BorrowersFirst

Lightspeed PR

December 09, 2015 09:00 ET

BorrowersFirst Appoints Zhi Zhou as Chief Risk Officer

Lending Club SVP Joins Management Team of Rapidly Growing Marketplace Lender

AUSTIN, TX--(Marketwired - December 09, 2015) - BorrowersFirst (http://borrowersfirst.com), an emerging online lender, has appointed Zhi Zhou as Chief Risk Officer and Head of Enterprise Analytics, announced Dave Tomlinson, CEO of BorrowersFirst.

"Zhi is an accomplished and well respected leader who has been at the forefront of the marketplace lending industry-driving growth and broader acceptance of marketplace loans as an asset class," said Dave Tomlinson, BorrowersFirst CEO. "We are thrilled that he is joining BorrowersFirst as Chief Risk Officer during this period of tremendous growth. Zhi is a seasoned risk executive with experience through multiple credit cycles as well as a proven, technically-driven, innovator who leverages big-data and technology to drive improved risk, customer and financial outcomes."

Mr. Zhou joined Lending Club in 2009 when the company had just 20 people. During Mr. Zhou's six years at Lending Club he led the team responsible for building the credit operations function and managing credit and operational risk as Lending Club progressed from a startup to a publicly traded company. Prior to Lending Club, Mr. Zhou was a Vice President at Providian Financial, later Chase Bank, where he was a leader in driving growth while improving risk performance. Mr. Zhou began his career at Capital One in 1999 and holds a masters in Economics, from the University of California at Davis, and a bachelor's degree in Economics and Mathematics from Lawrence University.

About BorrowersFirst

BorrowersFirst is a fast growing, online marketplace lender whose mission is to always put the borrower first. Leveraging technology, product innovation, big-data, a deeply experienced management team and a commitment to being the low cost operator, BorrowersFirst makes borrowing faster, easier and less costly. BorrowersFirst provides loans to a wide spectrum of consumers, while meeting the varying investment profiles of institutional lending partners, mixing balance sheet funding with whole loan sales. After a pilot phase, BorrowersFirst began broadly originating loans in May, 2015.

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