People moves: First Commerce Bank, TransUnion, Edison Group and more

By Jenita Gandhi | 31 January 2019

Dash Financial Technologies appoints CFO

New York-based fintech Dash Financial Technologies appointed Scott Patrick as chief financial officer, effective January 23. Patrick has 25 years of experience in financial services and financial technology and has held positions of an investment banker, equity research analyst and a strategic communications advisor.

Previously, he was with Brunswick Group as a partner, specializing in M&A transactions, IPOs and investor relation matters. He served as managing director in the financial technology group at GCA Advisors. Prior to that, he worked with Evercore Partners for 10 years. He began his career working with Morgan Stanley, where he worked for over 12 years in M&A positions and as lead equity research analyst.

First Commerce Bank names Mindiak president and CEO

Tennessee-headquartered First Commerce Bank named Donald Mindiak as president and chief executive officer as well as a member of the bank’s board of directors, effective January 28. Mindiak has over 33 years of experience in the community banking industry. He held the role of president and chief executive at BCB Bancorp and its subsidiary BCB Bank for almost 15 years.

In a release announcing the appointment, chairman of the board Abraham Opatut said: "We are fortunate to have a president and CEO with Donald's breadth of experience and the board looks forward to working with Donald as the bank enters its next phase of development."

TransUnion UK appoints new CEO

Credit reference and information solutions provider TransUnion promoted Satrajit “Satty” Saha as its CEO, from the position of chief commercial officer, effective January 23. Saha held the CCO position since he joined the company in August last year. Mike Gordon, the current CEO, will vacate the position at the end of March to ensure a smooth transition of responsibilities.

Saha previously served as chief business officer at TransUnion CIBIL, India, where he took responsibility to craft and execute the go-to-market strategy. He has been the central figure in aligning the UK business with the company’s global operating model, including the acquisition of Callcredit last year. Saha brings with him almost 20 years in leadership experience in the financial services sector.

Hedge fund veteran joins Dynamic Beta Investments as COO

Hedge fund advisory firm Dynamic Beta investments (DBi) appointed former AQR global head of execution Doughlas Cilento as chief operating officer, effective January 23. Cilento has an 18 year experience in execution and strategy implementation and managed the trading team at AQR. Before joining AQR, he served as head of electronic FX trading for the Americas at HSBC. He also worked for six and a half years at Bridgewater Associates as trading desk manager and senior macro trader.

In his new role, Cilento will be responsible for driving the expansion of the firm’s operations ahead of continued asset growth and the release of new liquid alternative strategies. He will also enhance execution quality and strengthen relationships with institutional clients.

Stephens Insurance announces CEO succession

Arkansas-headquartered insurance brokerage company Stephens Insurance named Miles Stephens as president and CEO of the company, effective June 3. Stephens will succeed Martin Rhodes, who will become chairman after a successful 14 year tenure. 

Stephens has worked as an investment banker at Stephens Inc. since the past four years, focusing on auto retail and energy. Commenting upon the organisational changes, Stephens said to Business Wire in Arkansas: “Marty has made an indelible impact on Stephens Insurance and it’s now my mission to build upon this momentum. The insurance industry, and how it services clients, is ever changing and how we tackle this complex environment over the near and long-term will define our place in the market. I look forward to working with Marty and team in guiding the business forward at this unique time for Stephens Insurance.”

Fintech Executive, Jeffrey Axelrod, joins Riivos Mortgage as group executive

San Francisco-based Riivos appointed Jeffrey Axelrod as group executive of Riivos Mortgage, effective January 25. Axelrod joins Riivos with over 25 years of experience in fintech and enterprise software. Previously, he held the role of CEO and founder of Cogency, and managed over $100bn in assets.

In a release accompanying the announcement Riivos CEO Michele McGovern said: "The combination of Jeffrey's customer leadership and applied technology expertise will be invaluable to our customers and our team. He brings a shared drive and vision on how we can help strengthen the mortgage industry as it goes through transformative changes. We're thrilled to have him join the Riivos team."

USA Technologies appoints interim chief financial officer

Pennsylvania-based premier payment technology service provider USA Technologies named Glen Goold as its interim chief financial officer, effective January 24. Goold has been a consultant to USA Technologies since October 2018. He has over 20 years of experience in finance and accounting, in the role of chief financial officer at Sutron Corporation from 2014 to 2018.

Goold previously worked as assistant Chief Financial Officer and Director of Finance, and then as interim Chief Financial Officer for Sutron Corporation. He even worked for seven years at The Carlyle Group as associate vice president of fund management, where he was responsible for the financial management, daily operations, investor relations and administrative functions of three of the firm’s investment funds. Earlier in his career, he worked with Ernst & Young.

Two new appointments at Block Asset Management

Luxembourg-based Block Asset Management has made two new appointments to support its growth category, effective January 29. Daniel Vegue Domínguez has been appointed as partner and chief strategy officer to drive institutional sales and relationships. Parallel to that, Juan Serrano has become chief operating officer. He brings with him over 17 years of expertise in the financial sector, working for leading international institutions such as Credit Suisse and AXA Group in various senior positions.

Block Asset Management CEO Manuel De Luque Muntaner said in a statement: “We feel Daniel's and Juan Carlos' proven track record of business management, operational and risk management at institutions such as Julius Baer, Credit Suisse and Lloyds Bank along with their fantastic reputation and character, will help us to increase exposure globally and awareness to diversify into this new asset class”.

Jason Emerson joins Pico as chief operating officer


New York-headquartered Pico appointed Jason Emerson as chief operating officer on January 24. Emerson has over two decades of financial and operational experience. He served as chief financial officer of Dynasty Financial Partners most recently. Prior to that, he was chief operating officer at Convergex.

In a statement accompanying the announcement, CEO Jarrod Yuster said: “Given Pico’s rapid rate of growth, we are fortunate to have Jason coming on board to manage business operations, streamline our processes and navigate through the exciting developments to come, his extensive experience and depth of knowledge in both financial services and trading technology bring with them a true understanding of our needs and those of our clients.”

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