Tuesday, August 2, 2022

Former Citi compliance chief joins LendingClub board

LendingClub in San Francisco will add two financial services professionals to its board. 

The digital lender said in a press release Monday that Faiz Ahmad and Kathryn Reimann will become directors on Aug. 15. The company also said that Patricia McCord would step down from the board on Sept. 30. 

Reimann is an adjunct professor at New York University School of Law, where she focuses on corporate compliance and enforcement. She previously served as chief compliance officer at Citibank. She will join the audit, credit risk and finance, and operational risk committees. 

Ahmad was CEO of director to consumer at Optum, a unit of United Health Group. He has also held leadership posts at Apple and Delta Airlines. He will join the board’s compensation, nominating and corporate governance and operational risk committees. 

"We are thrilled to welcome two new board members with a wealth of experience in both consumer and financial services as we evolve our business and brand in this next phase of growth,” Scott Sanborn, LendingClub’s CEO, said in the release.

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