Diversified Financial Services
Company Overview of Prosper Marketplace, Inc.
Prosper Marketplace, Inc. operates as a peer-to-peer lending marketplace to originate and service borrower loans and notes in the United States. Its platform allows people to invest money in people in an open marketplace aiming to profit lenders and borrowers financially, as well as socially. The company’s platform matches individuals who wish to obtain consumer loans with those who are willing to help fund those loans. It provides loans for debt consolidation; business use, such as financing home-based or small businesses; home improvement; financing the purchase of an automobile; and others. The company attracts lender members and borrowers to its prosper.com Web site, through various sour...
111 Sutter Street
San Francisco, CA 94104
Founded in 2005
Key Executives for Prosper Marketplace, Inc.
Chief Executive Officer and Director
Acting Chief Financial Officer and Accounting Officer
Executive Vice President of Technology and Operations
Compensation as of Fiscal Year 2012.
Prosper Marketplace, Inc. Key Developments
Prosper Marketplace, Inc. Announces Executive Changes
May 3 13
Daniel P. Sanford resigned as SVP, Finance of Prosper Marketplace, Inc., effective as of May 1, 2013. On that same date, Kenneth L. Niewald was appointed to serve as Acting Chief Financial Officer of the company and was designated as the principal financial and accounting officer of the company.
Prosper Marketplace, Inc. Announces Executives Resignation
Feb 20 13
Joseph Toms has resigned as Prosper Marketplace, Inc.’s Chief Investment Officer, effective as of February 14, 2013. Kirk Inglis has resigned as PMI’s Chief Operating Officer, effective as of February 15, 2013.
Prosper Announces Executive Changes
Jan 24 13
Prosper appointed Stephan Vermut as CEO. The former founder and managing partner of Merlin Securities is an entrepreneur, corporate executive and technologist with more than 25 years of experience in financial services. Mr. Vermut succeeds Dawn Lepore, who has served as interim CEO since March 2012. The company has also named Ron Suber as Head of Global Institutional Sales, and that Aaron Vermut will join as president after a transition period with Wells Fargo. Vermut comes to the company from Wells Fargo, where he led the bank's first foray into prime brokerage services. Suber, former Managing Director at Wells Fargo Securities and Head of Global Sales at Merlin Securities, brings more than 20 years of experience in the financial services industry, including 14 years at Bear Stearns, and will be responsible for expanding the company's presence among institutional investors. Aaron Vermut, currently Managing Director and Head of Prime Services at Wells Fargo, was a founder and Managing Partner at Merlin Securities. As President of the company, he will drive the strategic direction of the company, applying his experience in building a successful technology-driven, customer-centric business.
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January 15, 2013