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Former CIT exec moving to On Deck Capital as CFO

On Deck Capital Inc. will appoint Kenneth Brause as CFO effective March 26 as part of a transition process agreed upon by the company and current CFO Howard Katzenberg.

Katzenberg will serve On Deck Capital as an adviser until April 13 to ease the transition.

Brause most recently was executive vice president and treasurer at CIT Group Inc. and CIT Bank NA.