People on the Move: Stephan Vermut, Ron Suber, Aaron Vermut and Pat Grady, Prosper (February 2013)
Prosper, a San Francisco-based peer-to-peer financing platform to invest and borrow money, has appointed Stephan Vermut CEO and member of the board of directors. The former founder and managing partner of Merlin Securities, Vermut also has more than 25 years of experience in financial services with Wells Fargo, where he led the bank’s first foray into prime brokerage services.
The company also named Ron Suber head of global institutional sales and announced that Aaron Vermut will join Prosper as president. Suber, a former managing director at Wells Fargo Securities and head of global sales at Merlin Securities, has more than 20 years of experience in the financial services industry, including 14 years at Bear Stearns. Aaron Vermut, currently managing director and head of prime services at Wells Fargo, was a founder and managing partner at Merlin Securities. Sequoia Capital Partner Pat Grady will join the Prosper board of directors.
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