SAN FRANCISCO, March 2, 2016 – Prosper Marketplace today announced it has appointed David Kimball Chief Financial Officer. David is currently Senior Financial Officer of USAA’s Chief Operating Office.
David brings two decades of experience in financial services, including key roles at both USAA and Ford Motor Company. During his nine years at USAA, he has overseen a variety of finance functions including capital markets, treasury, accounting, and FP&A. He served as the bank’s senior financial officer during the recession, as USAA’s corporate treasurer, and most recently as the Chief Operating Office’s senior financial officer, with financial responsibility for the real estate unit, the bank, the P&C and life insurance companies, investment management company, and the call centers/distribution functions. Prior to USAA, David spent ten years at Ford Motor Company and Ford Motor Credit Company in both the U.S. and U.K., working on their securitization programs, debt issuance, and a variety of FP&A positions. He played a key role in Ford Credit’s financial strategy during the early days of the financial downturn. David received his MBA and BA from Brigham Young University.
David starts March 18, reporting to Prosper Marketplace CEO Aaron Vermut.
“We are thrilled to have someone with David’s deep expertise in consumer finance products join as a key member of our executive team,” said Aaron Vermut, CEO, Prosper Marketplace. “David has a unique combination of relevent experience in capital markets, including securitization and other types of debt issuance, as well as an expertise in line of business pricing and profitability management, all of which will be a huge asset to our company as we look to the future.”
“Marketplace lending is an industry that I have watched with interest for some time, and I’m thrilled to be returning to the west coast to join Prosper Marketplace,”said David Kimball. “During my time at USAA and Ford Motor Company, I’ve seen firsthand how great brands and products can positively impact people’s lives, and I look forward to being part of the innovation that Prosper Marketplace is leading in the consumer lending industry.”
Prosper is built on a simple idea: connect people who want to borrow money with those that have money to invest. Prosper is an online marketplace that gives borrowers access to individual and institutional investors. Borrowers get low, fixed rates with no hidden fees or prepayment penalties. Investors can earn great returns through the platform’s data-driven underwriting for personal loans, creating a new and diverse investment opportunity. Through Prosper, more than $6 billion in personal loans have helped borrowers consolidate their credit card debt, pay for large purchases, make home improvements and cover medical expenses. Prosper Marketplace is headquartered in San Francisco, with offices in Salt Lake City, Phoenix and Tel Aviv. Learn more about borrowing and investing through Prosper at www.prosper.com. The Prosper lending platform is owned by Prosper Funding LLC, which is a subsidiary of Prosper Marketplace. Follow Prosper on Twitter @ProsperLoans.