Student loan lending platform CommonBond has hired former Citigroup Vice President Vinayak Gurjar as Chief Risk Officer. Mr. Gurjar is charged with oversight of CommonBond’s risk management strategy and underwriting guidelines.
“As CommonBond continues to expand its footprint as a leading marketplace lending platform, we
are fortunate to have Vinayak lead our risk organization,” said CommonBond Co-founder and CEO David Klein. “Vinayak brings a very strong background in capital markets and structured finance which will help bring CommonBond to more and more borrowers.”
“Marketplace lending is one of the world’s fastest-growing industries and is expected to surpass $1
trillion in 10 years,” said Mr. Gurjar. “As I looked across the landscape, CommonBond stood out
based on its balance of scale and responsible underwriting. I look forward to further developing
CommonBond’s risk management strategy and positioning the company to grow responsibly in the
years to come.”
Mr. Gurjar was most recently Citigroup’s Global Head of Governance in Treasury Capital Markets and led authorization for issuance of Citigroup third-party debt including securitization. His additional responsibilities included management of the holding company’s liquidity risk metrics and the assessment of internal controls for policy compliance.
Before joining Citigroup Mr. Gurjar was a Director at Standard & Poor’s where he managed the credit and structure analysis for different issuers of asset-backed securities covering such assets as credit cards, student loans and commercial assets.
He began his career at Capital One.
Vinayak Gurjar earned a Bachelor of Engineering in Mechanical Engineering from India’s National Institution of Technology and an MBA from the University of North Carolina.