SOURCE: Orchard Platform

Orchard Platform

June 13, 2016 08:00 ET

Orchard Platform Announces Bill Ullman as Chief Commercial Officer

Industry Veteran Will Lead Global Revenue Generation and Strategic Management

NEW YORK, NY--(Marketwired - Jun 13, 2016) - Orchard Platform, the leading technology and data provider for marketplace lending, today announced that Bill Ullman has been named as Chief Commercial Officer. Ullman has been a senior advisor at Orchard since its founding in 2013. As the founder and principal of Right Wall Capital Management, he has been an investor in and advisor to financial institutions and fintech companies. Ullman will report to Orchard CEO Matt Burton.

In his new position, Ullman will be responsible for global revenue generation and strategic management of the sales, client services and marketing teams. He will also oversee the commercial strategy of Orchard's products, including Orchard's online loan marketplace, ensuring they align with the needs of loan originators and institutional investors.

"As Orchard aims to drive marketplace lending, an industry expert like Bill is essential," said Burton. "Bill has already proven his value and expertise as one of our senior advisors. He not only understands our offerings and the industry, but also has exceptional experience and knowledge within the financial sector. We are confident that his management skills will propel Orchard forward and ensure the highest level of customer success."

Ullman brings deep experience in the financial services sector. He began his career in 1989 in the Investment Banking Department at Merrill Lynch, focusing on financial institutions. He was a Senior Managing Director at Bear Stearns from 1999 - 2006 in both the Investment Banking and Global Clearing Services/Prime Brokerage departments. He currently serves on the Board of Directors of Van Eck Associates Corporation and the Capital Returns Fund. Bill earned his MBA from The Anderson School of Management at UCLA and graduated cum laude from Princeton University with an A.B. in History.

About Orchard
Orchard is the leading provider of technology and data to the marketplace lending industry, powering the interaction between institutional investors and loan originators. Founded in New York City in 2013, Orchard's mission is to build the systems and standardize the data that will allow marketplace lending to efficiently grow into a global financial market. Orchard provides products and services to investors that enable them to understand, access, and execute marketplace lending investments, including Market Data, Reporting, and a powerful Order Management System. Orchard offers originators access to a diverse group of institutional investors who use Orchard to purchase marketplace lending assets. A single integration using Orchard's proprietary approach to data standardization enables end-to-end marketplace support through Investor Awareness, Education & Insights, and Data Integrity & Transparency products. Orchard has been named to Forbes Next Billion Dollar Startups list, produces the Orchard US Consumer Marketplace Lending Index -- the only industry wide benchmark distributed on the Bloomberg Professional service -- and is recognized for its technical and analytical thought leadership as explored on its blog.

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