MoneyLion Appoints Leading Bank Executive Brad Hanson as Director and Audit Committee Chair
July 16 2024 - 8:00AM
Business Wire
MoneyLion Inc. (“MoneyLion”) (NYSE: ML), a digital ecosystem for
consumer finance that empowers everyone to make their best
financial decisions, today announced that its Board of Directors
has elected Brad Hanson, formerly President and Chief Executive
Officer of Pathward Financial, Inc. (f/k/a Meta Financial Group,
Inc.) (Nasdaq: CASH), to its Board of Directors and as Chair of the
Audit Committee, effective as of July 15. Hanson will fill the
remaining term of former Audit Committee Chair Jeff Gary, who is
stepping down from the Board of Directors.
“We are thrilled to welcome Brad to MoneyLion’s Board of
Directors and as the Chair of the Audit Committee,” said John
Chrystal, Chair of MoneyLion’s Board of Directors. “Brad brings
decades of experience in the financial services industry, with a
track record of proven leadership at Pathward.”
“Brad is a well-regarded fintech industry pioneer with extensive
financial expertise and business acumen,” added Dee Choubey, Chief
Executive Officer and director of MoneyLion. “With his deep
understanding of the fintech ecosystem and relationships throughout
the industry, Brad will be an invaluable resource in guiding our
strategic initiatives and building continued growth and success in
our two-sided consumer finance marketplace. I’ve long admired
Brad’s profound commitment to financial inclusion and innovation,
and look forward to working with him on MoneyLion’s Board of
Directors to further improve national financial literacy and
access.”
Hanson joins MoneyLion as it builds the first digital ecosystem
for consumer finance. Blending an expansive offering of first- and
third-party products, a suite of personalized financial tools and
educational content, its innovative embedded finance marketplace
solutions and advanced data-driven insights, MoneyLion is seeking
to transform how consumers make their financial decisions and how
businesses acquire and engage customers.
“I’m excited to join a company at an inflection point in its
growth,” said Hanson. “Having spent my career at Pathward building
cutting-edge solutions for its fintech partners, I’m confident that
I can help MoneyLion navigate the evolving landscape in the
financial services industry and identify opportunities for growth
while upholding MoneyLion’s highest standards of governance and
integrity. I’m also honored to align with MoneyLion’s mission, as
it has long been one of my goals through my work with Operation
HOPE and others to address the challenges faced by underserved
consumers by providing access to innovative financial solutions. I
look forward to working with my fellow Board members and the
talented leadership team at MoneyLion and contributing to our
collective success.”
Hanson joins MoneyLion’s Board of Directors, led by Chair John
Chrystal, former Vice Chairman of Bancorp, which includes Dee
Choubey; Dwight Bush, former U.S. Ambassador to Morocco; Matt
Derella, Chief Executive Officer of Catalyte and former Chief
Customer Officer for Twitter; Lisa Gersh, former Chief Executive
Officer of Martha Stewart Living Omnimedia, Inc. and co-founder of
Oxygen Media; Annette Nazareth, former SEC Commissioner; Michael
Paull, Chief Executive Officer of RBmedia and former President of
Disney Streaming; and Chris Sugden, Managing Partner of Edison
Partners.
Chrystal further said, “On behalf of the Board and the MoneyLion
team, I want to thank Jeff Gary for his service and dedication to
the company. During his time as our Audit Committee Chair,
MoneyLion experienced transformational growth, building its
enterprise businesses and delivering significant value for
shareholders. We wish him all the best in his future
endeavors.”
About Brad Hanson
Brad Hanson has more than 30 years of experience in financial
services, including numerous banking, card industry and
technology-related capacities. Hanson previously served as
President and Chief Executive Officer of Pathward Financial, Inc.
(f/k/a Meta Financial Group) until his retirement in 2021. Hanson
began his banking career at BankFirst, which later became The
Bancorp, Inc., where he started a mortgage lending division and
later a payment card division that became one of the largest in the
country. Hanson is a founding member of the Network Branded Prepaid
Card Association and played a significant role in the growth and
development of the prepaid card industry. Hanson serves on several
boards of directors, including Cashless, Inc. (d/b/a Ready Credit),
Source, Inc. (and the related companies of Help WorldWide and
International Clearinghouse, Inc.), Neighborli, Inc. and Bankaool,
as well as several 501(c)(3) non-profit organizations, including
Operation HOPE.
About MoneyLion
MoneyLion is a leader in financial technology powering the next
generation of personalized products, content and marketing
technology, with a top consumer finance super app, a premier
embedded finance platform for enterprise businesses and a
world-class media arm. MoneyLion’s mission is to give everyone the
power to make their best financial decisions. We pride ourselves on
serving the many, not the few; providing confidence through
guidance, choice, and personalization; and shortening the distance
to an informed action. In our go-to money app for consumers, we
deliver curated content on finance and related topics, through a
tailored feed that engages people to learn and share. People take
control of their finances with our innovative financial products
and marketplace - including our full-fledged suite of features to
save, borrow, spend, and invest - seamlessly bringing together the
best offers and content from MoneyLion and our 1,100+ Enterprise
Partner network, together in one experience.
MoneyLion’s enterprise technology provides the definitive search
engine and marketplace for financial products, enabling any company
to add embedded finance to their business, with advanced AI-backed
data and tools through our platform and API. Established in 2013,
MoneyLion connects millions of people with the financial products
and content they need, when and where they need it.
For more information about MoneyLion, please visit
www.moneylion.com. For information about Engine by MoneyLion for
enterprise businesses, please visit www.engine.tech. For investor
information and updates, visit investors.moneylion.com and follow
@MoneyLionIR on X.
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