Online lender Lending Club added two manager directors. Valerie Kay joined as managing director of the Institutional group and Raman Suri joined as head of Retail Lending.

Kay, a former executive at Morgan Stanley and Prudential Securities, brings more than 25 years of capital markets experience across a broad range of consumer asset classes. She will be responsible for institutional capital management on Lending Club’s platform.

Kay spent 20 years at Morgan Stanley, including 12 years as a managing director, where she held several leadership roles within Global Capital Markets including deputy head of Asset Finance, head of Structured Asset Monetization and head of Mortgage Finance. She was most recently part of the Institutional Securities group where she was responsible for managing relationships with some of Morgan Stanley’s most important institutional investors.

Suri has held a variety of senior roles at BlackRock iShares and its predecessor, Barclays Global Investors (BGI), including head of RIA and Institutional Segments and head of Product for US iShares. He brings more than 15 years of experience in investment management, product and business development to Lending Club. Suri will be responsible for driving the company’s retail investor channel, focusing on self-directed retail, registered investment advisors, brokerage distribution strategies, and product development.

At BlackRock, Suri was responsible for expanding the iShares product line to more than 200 products across asset classes leading to a democratizing of investment choices for retail investors. At Barclays, he developed a sales channel that became one of the biggest ETF users with more than 100 different firms and over $75 billion in assets. He most recently served as managing director, head of Insurance ETFs at BlackRock, overseeing the entry of iShares into the $5 trillion insurance market.