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LQD Business Finance Promotes Zeng to Chief Technology Officer

January 15, 2021, 08:02 AM

LQD Business Finance, a Chicago-based commercial lender, announced the promotion of Jack Zeng to Chief Technology Officer. In his new capacity, Zeng will be leading all efforts behind the company’s automation and technology solutions to continue expanding the capacity of its proprietary lending systems.

As LQD Business Finance continues to compete in the private debt market, Zeng’s leadership will be instrumental in broadening the company’s portfolio, with a focus onfurther streamlining and innovating methods of business development and operations.

“Jack is a creative thinker and problem solver who embodies the values of excellence at LQD, and we are pleased to have him on our leadership team,” said CEO, George Souri.

Since joining LQD Business Finance in January of 2020, Zeng has made extensive contributions as Director of Automation and Special Solutionsto building and deploying the advanced processesthat drive the company’s unparalleled lending modeland proprietary technology. Zeng was also an integral part of launching the LQD PPP Platform, an end-to-end solution for managing PPP applications, in under a month’s time.

“As LQD starts to offer our industry-leading approach to managing financial processes as a platform for other businesses, it has never been more important for the technology team to focus on the business value technology helps deliver,” said Zeng. “A successful CTO at LQD is the techie who gets all the blame when things go wrong and stays anonymous when things go right. I am excited about the challenge,and I look forward to becoming unnoticed in this role.”

Previously, Zeng was the founder of Shanghai Bailiang Investment and Management, a private fund management firm specialized in quantitative trading in China. He also held positionsat IBM and PwC with a focus on leading implementations of global content management and regulatory submission systems.He brings over 20 years of experience in business consulting and development, with an emphasis on process improvement and computerized system implementation and integration.  

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