Former E-Trade general counsel Russell Elmer has joined the Lending Club as the online lending platform's deputy general counsel.

At Lending Club, Elmer will focus primarily on compliance and the launch of new products, according to a press release. As a part of his new duties he will also be the general counsel and chief compliance officer of LC Advisors, a unit of Lending Club.

Most recently, Elmer was the general counsel and corporate secretary of Pricelock, a commodities technology company.

Before that, he spent nearly a decade at E-Trade working to advise that company's securities trading business and loan, mortgage and auto loan businesses.

"Lending Club's continued growth and success is a testament to the value of the asset class they have created," says Elmer, in a press release. "I am excited about what Lending Club is building and the products it offers for its customers. I look forward to putting my experience to work and contributing to their future innovations."