OnDeck Names Nick Brown To Newly Created Position Of Chief Risk Officer

OnDeck Capital Inc. said Wednesday it has named Nick Brown to the newly created role of chief risk officer. Brown comes to the company from Commonwealth Bank of Australia, where he was general manager of the group decision sciences team. The executive has also done stints at Discover Financial, where he grew the personal loan book and led the acquisition of the Student Lending Company from Citigroup Inc. . Brown has a PhD in organizational behavior and statistics from Cornell University. Shares were not yet active in premarket trade, but are down 55% in the year so far, while the S&P 500 has gained about 8%.