Financial institutions rounded out 2020 with new faces filling C-suite positions. WSFS Bank and Google Cloud named new technology and security chiefs while API provider Galileo appointed a chief revenue officer, and automated investing platform Wealthfront filled out its banking advisory group with regulatory heavyweights.
Here are the most notable December hires:
WSFS taps new CTO
WSFS Bank, a subsidiary of the $13.8 billion WSFS Financial Corporation, named William Coffey as its senior vice president and chief technology officer this month. Coffey will lead enterprise technology strategies, including infrastructure and architecture, application development and service management, and will report to Chief Information Officer Lisa Brubaker.
Before joining WSFS, Coffey spent 19 years at Vanguard in various tech leadership roles and worked for Verizon and Siemens prior to that.
Google Cloud adds its first CISO
Google Cloud has hired former Goldman Sachs security chief Phil Venables to be the company’s first CISO.
Venables brings extensive banking experience to the big tech company, having previously served as CISO at Deutsche Bank and Standard Chartered Bank, and as Barclay Bank’s business information security officer. The hire comes as Google makes significant strides to embed itself further into the financial services space, with the 2021 launch of its co-branded digital bank accounts and its endeavor to provide cloud-based services to financial institutions.
At Google, Venables will focus on cloud migrations and customer defenses along with internal security, according to a Wall Street Journal report.
Galileo names chief revenue officer
Galileo, a global payments platform that provides APIs for card issuing and digital banking, this month hired Seth McGuire as chief revenue officer to drive business relationships and scale marketing and business development efforts.
McGuire, formerly of software provider Backbone and Twitter, will be responsible for identifying companies that need card issuing, digital banking and embedded payment solutions. The new appointment comes on the heels of an eventful 2020 for the fintech, which was acquired by SoFi in April for $1.2 billion and entered the Mexico market through a partnership with Mastercard. Founded in 2001, Galileo provides the payments technology to Chime, Revolut, Robinhood and Monzo.
Wealthfront kicks off advisory board with regulatory vets
Automated investing fintech Wealthfront tapped former FDIC Chairwoman Sheila Bair and former Comptroller of Currency Tom Curry to its banking advisory group this month.
The newly formed committee will play a crucial role in navigating regulatory and partnership efforts for the fintech as Wealthfront moves deeper into the banking ecosystem.
Bair, who served as the Chair of the FDIC for five years, directed the agency through the 2008 financial crisis and has twice been named one of the most powerful women in the world by Forbes Magazine. Curry is a partner with Nutter law firm’s corporate and transactions department, and is co-leader of the firm’s banking and financial services group. He specializes in financial services regulation and governance, and served as head of the federal Office of the Comptroller of the Currency in 2012, a position held for five years. During his time at the OCC, Curry launched the agency’s Responsible Innovation Initiative, established the OCC Office of Innovation and proposed the fintech national bank charter.