Daily News: April 9, 2013

On Deck Adds Lu as VP, Capital Markets

On Deck, the technology-powered Main Street lender, announced that seasoned investment banker, Zhengyuan Lu (known as Lu), has been named vice president of Capital Markets to optimize and strengthen the company’s capital structure. Lu will work directly with the company’s chief financial officer, Howard Katzenberg.

Lu joins the On Deck team in the midst of the company’s rapid growth, bringing 19 years of capital markets experience as an investment banker and portfolio manager. He will coordinate and manage capital markets activities, and develop diversified financing strategies for loans originated through the On Deck platform.

His most recent role was with Gleacher & Company, where he held the position of managing director of the Asset Finance Group. He was responsible for the origination and structuring of asset based financing transactions. Previously, Lu served as managing director and head of Structured Products Group at Keefe, Bruyette & Woods where he was in charge of organizing and trading all structured products.

Lu also served as a senior vice president with Fortis Securities and WestLB AG, where he originated and structured a variety of cash and derivative transactions. Lu was also a portfolio manager at PPM America (Asset Management arm of Prudential UK), where he built and managed a multi-billion dollar portfolio involving a wide range of assets.

“Lu’s appointment comes during an exciting stage for On Deck, following a milestone year,” said Katzenberg. “His nearly two decade track record in a variety of key finance posts is a welcome addition to the team, and will serve the company well as we embark on our next major growth phase.”