Lending Club hired a pair of Wall Street executives to strengthen relationships with investors after many pulled back from buying the loans it arranges online during a tumultuous second quarter.

Valerie Kay, previously at Morgan Stanley, will join Lending Club's investor group as head of institutional clients, the company said Wednesday. Raman Suri, who worked at BlackRock, will handle retail investors. Both will be senior vice presidents and report to chief capital officer Patrick Dunne.

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