Former managing directors from top banks are increasingly making the transition to fintech companies, despite the perceived risks in the sector. Two former JPMorgan managing directors have assumed key roles in prominent fintech firms. Paul Gallant, previously a managing director at BlackRock with extensive experience in alternative investments and fund accounting, has been appointed as Chief Product Officer at cloud-based treasury fintech Hazeltree in New York. This move follows Hazeltree's previous hire of Stephanie Miller, former head of global fund services at JPMorgan, as its CEO in October 2023. In California, Cindy Turner, who previously held positions at JPMorgan's merchant services and PayPal's Braintree, has joined payments leader Worldpay.
The influx of banking managing directors into fintech is not limited to financial technology companies alone. Roopak Radia, former head of equity sales at Morgan Stanley, has recently joined the ride-hailing company Bolt as its Director of Investor Relations. These appointments underscore a broader trend of experienced financial professionals bringing their expertise to the rapidly evolving landscape of fintech, signaling a growing convergence between traditional banking and innovative financial technology solutions.
