People moves: Numerated, Tech Nation and more

By Jessica James

4 February 2020

Numerated appoints a new CFO

Massachusetts-based financial service technology firm Numerated announced in January the appointment of Duncan Perry to the role of chief financial officer.

Commenting on his appointment Perry said: “The banking industry is at a precipice in solving for digital disruption, and the team here at Numerated has deep experience understanding the needs of banks and a bright future ahead helping solve some of the most strategic challenges they face.”

Prior to this appointment Perry was the vice president of finance at Klaviyo. He also served in finance at Burlington-based finance software maker Charles River Development.

Last year Numerated completed a $15 million Series B round of funding which was led by Patriot Financial Partners. According to Dan O’Malley, chief executive officer (CEO), Numerated, the company wants to develop products for both customers and businesses.

Along with the appointment of Duncan Perry, Numerated has also named Chris Aronis as senior vice president of sales and account management. Prior to this, Aronis was the sales leader at Plaid and was part of Charles River Development.

Tech Nation chair resigns

UK government-backed tech industry group Tech Nation announced on January 28, Eileen Burbidge will stepped down from her position as company chairperson.

Burbidge said: “It has been a privilege to have served as chair of Tech Nation over the last four and a half years as the company has grown to be a UK-wide entrepreneur network, fuelling the growth of game changing UK tech founders.  The team has supported so many world leading British tech businesses over that time as the UK has created 77 tech unicorns and attracted more than £10.1bn of investment in 2019.”

Burbidge was appointed as chair of the network in September 2015. During her tenure the industry group saw rapid growth in its transformation from Tech City and Tech North to Tech Nation.

The company has started to look out for Burbidge’s successor and the search is being led by London recruiters Saxton Bampfylde. She will continue to be the chair of the board until a new replacement is found.

Gerard Grech, CEO, Tech Nation said “Eileen is an inspirational leader in the digital economy, a tech pioneer who truly understands tech entrepreneurs and what it takes to scale their businesses. As chair, Eileen has helped Tech Nation scale across the UK, so that we can better serve the expanding tech community of scaleups in the UK. We thank her for her passion, commitment and leadership. On a personal note, I have hugely appreciated her support and counsel.”

Fundbox appoints CFO

San Francisco-based fintech start-up Fundbox announced Marten Abrahamsen is to take over as the company’s chief financial officer, effective January 3.      

“Part of the reason I was selected is that at some point we will go public,” Abrahamsen told Forbes.

Since its first launch in 2013, Fundbox has originated $1.8bn in loans and has hired a chief legal officer, chief compliance officer, and chief marketing officer within the last year.

Abrahamsen went to college with a manager at Fundbox and had been very keen to be a part of the company since then.

Further commenting over his appointment Abrahamsen said: “To get to the public stage we need to not only grow revenue, but we need to make other changes like moving operating leverage, multiple revenue streams, all these things. My investing career of evaluating business models is very helpful in thinking about strategic direction.”

Blucora CFO steps down

Texas-based tax-smart financial solution provider Blucora announced on January 7 that Davinder Athwal has stepped down as the chief financial officer, effective January 31.

“Since Davinder joined Blucora two years ago, we have made meaningful progress on our overall strategic growth plan and enhanced our position in the industry,” said John Clendening, president and chief executive officer of Blucora.

With the acquisition of HK Financial Services, the company has decided to bring a new perspective to Blucora.

Athwal will still be a part of the firm to facilitate a smooth transition of duties through the end of January. Along with Athwal stepping down, the company also announced that Rick Simonson will be retained as the special advisor to the company.

John Clendening, president and chief executive officer of Blucora said: “At the same time, I’m pleased to announce that Rick Simonson has been retained as special advisor to the company.  Rick is a well-regarded, long-tenured CFO with significant technology expertise and experience scaling companies, which are among the key attributes we are looking for as we conduct a thorough search for our permanent CFO.”

Hamilton Lane names new CFO

Pennsylvania-based alternative investment management firm Hamilton Lane has named Atul Varma as its chief financial officer and treasurer, effective January 6.

Varma will replace Randy Stilman, who had held the position as the CFO of the company for the past 22 years. Stilman will still be a part of the firm during the transition process.

Prior to being appointed as the CFO at Hamilton Lane, Varma was the head of business strategy and CFO of wealth management at the Bank of New York Mellon Corporation.

BGC appoints a new chief financial officer

Financial services company BGC Partners appointed Steven Bisgay as its new chief financial officer, effective January 1. 2020. Bisgay will replace Sean A. Windeatt the present interim CFO, while Windeatt will remain in his role as chief operating officer.

Chairman of the Board and Chief Executive Officer Howard W. Lutnick said: "Steve is a tremendous asset for BGC, and we strongly value his industry experience.”

Bisgay possesses over 30 years of experience in the securities and financial services industry. He has been associated with companies such as Cantor Fitzgerald, KCG Holdings, Knight Capital Group and PricewaterhouseCoopers.

“It was clear to us that Steve was the strongest candidate for this role. His in-depth knowledge of our business, experience with electronic trading companies, strong relationship with our lenders, bankers, and the marketplace, will be invaluable as we continue to accelerate our strategy to further spread automation and technology across the financial markets,” added Lutnick.

New CEO at Nav

Utah-based fintech company Nav announced on January 14 that it has taken on board Greg Ott as chief executive officer.

"The Board and I are confident in Greg's proven ability and expertise to take the reins at Nav," commented Levi King, executive chairman, Nav.

Ott will be replacing Levi King who has stepped down from the position of the CEO and has now been named as the executive chairman of the company. Prior to the CEO role, Ott was the vice president of marketing for Intuit QuickBooks.

Ott has been both the strategic and organisational leader for above 20 years in both start-ups and Fortune 1000 corporations.

Ott said: "I am honored to be entrusted with the responsibility of this calibre. Nav's founders created a company that is truly unique in its ability to revolutionize how small business owners navigate and access capital to grow their business. I look forward to building upon Nav's successes and furthering the company's vision of aligning financing qualifications, predicting needs, and facilitating transactions between data providers, lenders, partners and small businesses."

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