Delaware-based Marlette Holdings, which operates online lender Best Egg, has promoted Jean Traub to general counsel. Traub, who spent 16 years at Capital One earlier in her career, has been Marlette's deputy general counsel and chief compliance officer since 2016.

She takes over as general counsel from Marlette's Frank Borchert, who will stay on at the holdings company as chief administrative and chief legal officer. Traub will report to Borchert, Marlette said in a Tuesday announcement.

"Jean has a remarkable breadth of experience and business knowledge," Marlette Holdings CEO Jeffrey Meiler said. "She is the right person to drive Marlette's legal and compliance functions as the company evolves and rapidly grows."