People moves: Provident, DailyPay, BGC and more

Provident Financial announce new CFO appointment

Consumer finance firm Provident Financial has appointed Neeraj Kapur as its new CFO. Kapur will be replacing Simon Thomas from April 1.

Provident Financial chief executive officer Malcolm Le May said: “I am very much looking forward to Neeraj Kapur joining Provident Financial as chief finance officer.

“He has deep retail banking, consumer finance and savings experience and expertise, and will be an excellent addition to the senior leadership team as we continue to re-establish Provident Financial as the market leading sub-prime lender,” said Le May.

DailyPay doubles c-suite in 90 days amid high growth for on-demand pay leader

On-demand pay solutions firm DailyPay has appointed Scot Parnell as CFO. Parnell brings almost three decades of finance leadership experience to the rapidly growing DailyPay team.

“I can’t think of a more exciting time to join DailyPay as it sets the standard for this new financial services category,” said Parnell.

Most recently, he was the CFO of TIAA’s retail and institutional division. Prior to that, he was the CFO of Crump Group, a JC Flowers-backed wholesale life insurance distributor. Parnell has also served as CFO of the NYSE-listed student loan originator Student Loan Corporation.

Parnell added: “DailyPay is a committed partner in helping companies use on-demand pay to increase employee engagement and retention, all of which positively impact a company’s bottom line. All financial officers should take notice and I am eager to further engage that community.”

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 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 Lutnick said: “Steve is a tremendous asset for BGC, and we strongly value his industry experience.”

Bisgay has more than 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.

Green Dot Corporation announces retirement of founder Steve Streit

American financial technology and bank holding company Green Dot has announced the retirement of the company’s CEO and founder Steve Streit.

“Steve revolutionized banking services 20 years ago with his insight into innovation, consumer behaviours and market changes,” said board chair and interim CEO, William Jacobs.

He will also be retiring form the company’s board and as the chairman of the Green Dot Bank board. His retirement starts an orderly process of succession and transition throughout the company where Streit will move on to become the chief innovation officer as an independent advisor, while the current chairman will serve as the interim CEO.

Jacobs added: The foundation laid by Steve leaves Green Dot well positioned to continue to lead and transform the financial services industry in the future. I want to thank both Steve and Mark for their many years of service to the company.”

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