Senior Twitter Executive to Run Troubled Finance Start-Up SoFi
- 6 years ago
Senior Twitter Executive to Run Troubled Finance Start-Up SoFi
Mr. Dorsey’s second company, Square, has recently been making moves to become more of a consumer bank, as SoFi had looked to do under Mr. Cagney.
https://t.co/wdI0rJqIck
At SoFi, Mr. Noto will be responsible for trying to steady a company that was thrown into turmoil by Mr. Cagney’s departure.
SoFi began by refinancing the loans of elite students,
but the company then expanded into personal loans, insurance and wealth management, and was making several moves to turn into more of a full-service bank.
Social Finance, known as SoFi, announced Mr. Noto’s hiring on Tuesday, just four months after Mike
Cagney was forced to step down as its chief executive because of sexual harassment claims.
Mr. Noto will also need to find replacements for several top executives who left around the same time
that Mr. Cagney did, including the company’s chief financial officer and chief technology officer.
Mr. Dorsey’s second company, Square, has recently been making moves to become more of a consumer bank, as SoFi had looked to do under Mr. Cagney.
https://t.co/wdI0rJqIck
At SoFi, Mr. Noto will be responsible for trying to steady a company that was thrown into turmoil by Mr. Cagney’s departure.
SoFi began by refinancing the loans of elite students,
but the company then expanded into personal loans, insurance and wealth management, and was making several moves to turn into more of a full-service bank.
Social Finance, known as SoFi, announced Mr. Noto’s hiring on Tuesday, just four months after Mike
Cagney was forced to step down as its chief executive because of sexual harassment claims.
Mr. Noto will also need to find replacements for several top executives who left around the same time
that Mr. Cagney did, including the company’s chief financial officer and chief technology officer.