NEW YORK, April 9, 2013 /PRNewswire/ -- On Deck ( www.ondeckcapital.com), the technology-powered Main Street lender, announced today that seasoned investment banker, Zhengyuan Lu (known as Lu), has been named Vice President of Capital Markets to optimize and strengthen the company's capital structure. Lu will begin his tenure with On Deck today and will work directly with the company's Chief Financial Officer, Howard Katzenberg.
Lu joins the On Deck team in the midst of the company's rapid growth, bringing 19 years of capital markets experience as an investment banker and portfolio manager. He will coordinate and manage capital markets activities, and develop diversified financing strategies for loans originated through the On Deck platform.His most recent role was with Gleacher & Company, where he held the position of Managing Director of the Asset Finance Group. He was responsible for the origination and structuring of asset based financing transactions. Previously, Lu served as Managing Director and Head of Structured Products Group at Keefe, Bruyette & Woods where he was in charge of organizing and trading all structured products, as well as a Senior Vice President with Fortis Securities and WestLB AG, where he originated and structured a variety of cash and derivative transactions. Lu was also a Portfolio Manager at PPM America (Asset Management arm of Prudential UK), where he built and managed a multi-billion dollar portfolio involving a wide range of assets. "Lu's appointment comes during an exciting stage for On Deck, following a milestone year," said Howard Katzenberg, chief financial officer, On Deck. "His nearly two decade track record in a variety of key finance posts is a welcome addition to the team, and will serve the company well as we embark on our next major growth phase." "I am extremely pleased to be associated with one of the fastest growing lending platforms in the nation, one that is developing technology to fundamentally improve today's lending system," said Lu. "It's an exciting time in the company's history, and I am looking forward to incorporating my expertise to further serve the financing needs of the Main Street market."