Lending Club named Russell S. Elmer General Counsel, replacing Jason Altieri.
Elmer, who was previously with Lending Club from 2012 to 2014, brings more than 25 years of legal experience, most recently as deputy general counsel and corporate secretary at PayPal Holdings. Elmer was previously general counsel at Pricelock and at E*Trade. He also was a partner at Gray Cary Ware & Freidenrich, where he spent nearly a decade.
“I’m thrilled to welcome Russ back to Lending Club as general counsel,” said Scott Sanborn, president and CEO of Lending Club. “I believe his deep legal experience at the intersection of technology and finance as well as his hands-on knowledge of our business will allow him to be incredibly effective as we enter Lending Club’s next phase.”
Sanborn said Altieri will work with Elmer to ensure a smooth transition before his departure after seven years.
“For the past seven years, Jason has been integral to our success and growth, including guiding us through the initial public offering. We greatly appreciate his outstanding service throughout the company’s history and his continued dedication to our business,” Sanborn said.
San Fransisco-based Lending Club is an online marketplace connecting borrowers and investors that aims to operate at a lower cost than traditional bank lending programs.