The Consumer Lending discussion will be co-hosted by Kilgour Williams Capital and Lending Club. Kilgour Williams Capital is an active investor in consumer credit while Lending Club is America’s largest online marketplace connecting borrowers and investors.
Doug Lambert from Lending Club will provide valuable insight into how the pandemic has affected their consumer lending business, steps taken to mitigate risk, and the prognosis for consumer lending going as we emerge from the pandemic. Kilgour Williams Capital, as a credit investor, will provide further insight within the context of their particular consumer credit portfolio.
LendingClub is America’s largest online marketplace connecting borrowers and investors. Borrowers access low-interest-rate loans through a fast and easy online or mobile interface. Investors provide the capital to enable the loans in exchange for earning interest. LendingClub marketplace enables loan approval, pricing, servicing and support operations, and provides the regulatory and legal framework that makes it all possible. The company operates fully online with no branch infrastructure, and use technology to lower cost and deliver a great experience.
Doug Lambert – Vice President, Capital Markets – LendingClub
Doug is the VP of Capital Markets at LendingClub. Since joining in July 2017, he and his team have securitized over $9 billion of LC’s unsecured consumer loans. Doug has nearly 20 years of experience in originating capital markets products and solutions to support a variety of objectives. Immediately prior to joining LendingClub, he managed MUFG Union Bank’s long-term funding portfolio including bilateral borrowing from MUFG, external bond issuance and fixed-income investor relations. Before moving to San Francisco in 2012, Doug spent over a decade on Wall Street. He was an Executive Director on Morgan Stanley’s Insurance Solutions team, focused on bringing capital markets capacity to life and non-life insurance risk concentrations. His experience includes structuring and placing catastrophe bonds, reinsurance sidecars, life securitization, and other reinsurance risk transfer transactions. Prior to joining Morgan Stanley, he worked at Citigroup where he focused on interest rate, currency and credit derivatives used in corporate risk management. He is a Senior member (and a former Board member and Treasurer) of The Guardsmen, a Bay Area nonprofit organization. Doug holds an AB in Economics from Princeton University.