News Formal

Interview with Valerie Kay, the LendingClub exec redefining the marketplace lender - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

A turnaround for LendingClub hinges on repackaging consumer loans to win back big investors, and we talked to the former Morgan Stanley exec driving the effort

In 2014, before she joined LendingClub, Kay took on a senior relationship management role at Morgan Stanley. After leading the structured asset finance group, which included mortgage-backed securities, through the financial crisis, K"You always have peaks and valleys in your professional life. I was kind of hitting a valley," said Kay. "I just felt like I wasn't learning as much and I wasn't contributing as much as I could to the firm.

"What I also learned is that I like running businesses and I'm great at building relationships, but sales is just not for me. I missed running the business. I missed being accountable to revenue," said Kay. Kay said the financial crisis was one of the most challenging times in her career, especially because of her role leading the securitization group.

"We had lots of management change, a lot of negative press. There was a sense of humility, and wanting to make this better," said Kay.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 729. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Google just poached one of Facebook's key execs working on health initiatives - Business InsiderTech giants are becoming ever-more ambitious, and their appetite for top talent is growing.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Cyber Monday 2019 sets new e-commerce record - Business Insider - Business InsiderCyber Monday 2019 racked up a record-setting $9.4 billion in US online sales, with smartphone shopping playing a key role in its success:
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

6 emails templates small business can use to drive holiday sales - Business InsiderE-commerce founder Adii Pienaar says businesses should engage customers with automated emails and scheduled one-off emails, like newsletters. Some useful info here.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »

Co-president of Wedbush Rich Jablonski has resigned - Business InsiderBusiness Insider has learned that Rich Jablonski, the co-president of the Los Angeles financial services firm Wedbush, has resigned.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »