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Former BlackRock exec joins LendingClub as chief capital officer

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Former BlackRock exec joins LendingClub as chief capital officer

LendingClubCorp. appointed Patrick Dunne chief capital officer to manage its investorgroup as the online lender seeks to rebuild investor confidence after its CEO in May.

Dunne most recently served as head of 's San Francisco officeand head of iShares Global Markets and Investments.

LendingClub President and CEO Scott Sanborn in Junereassured investors that the company is determined to restore investorconfidence "brick by brick" following a scandal involving its formerCEO Renaud Laplanche.