Latest news with #NaureenHassan
Finextra
14 hours ago
- Business
- Finextra
DriveWealth names Naureen Hassan as CEO
DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the appointment of Naureen Hassan as Global Chief Executive Officer (CEO). 0 Hassan succeeds Michael Blaugrund, who is stepping down as CEO to accept a newly created position at ICE (Intercontinental Exchange). Hassan joins DriveWealth with decades of deep expertise in digital and product innovation, operational excellence and regulatory management across global banking and wealth management. She will guide the company's operations, lead its continued growth and expansion across markets, and help fulfill DriveWealth's mission of democratizing investing around the world. 'Michael has overseen a period of significant growth, expansion into new markets and profitability over the last two years as CEO and we thank him for everything that he has accomplished,' said Robert Cortright, DriveWealth Founder and Executive Chairman. 'Naureen has a proven track record as an industry innovator and disruptor and is the perfect person to lead DriveWealth through our continued evolution and next phase of growth. She joins us during a period of accelerating growth, and we look forward to all that is to come under her visionary leadership.' Prior to DriveWealth, Hassan served as President of UBS Americas, where she led a $14B revenue division with more than 25,000 employees, while also spearheading UBS's integration of Credit Suisse in the Americas—the first-ever acquisition between two globally systemically important financial institutions. She also worked at the Federal Reserve Bank of New York, where she drove innovations across payment operations, technology, human resources, risk management, and finance. Before joining the Fed, Hassan served as Chief Digital Officer of Morgan Stanley's Wealth Management business and drove strategy and platform innovation for Charles Schwab's Investor Services division. She began her career at McKinsey & Company. 'DriveWealth is truly changing how and where people invest and providing unique value and capabilities to partners across the globe,' Naureen Hassan said. 'I am honored to step into this role, to continue building on the great work Robert and Michael have done, and to help guide the company's continued growth and success. DriveWealth has grown by opening doors to new opportunities for investors in new markets and we will continue to work toward realizing the company's potential as the market's most trusted embedded investing technology partner.' A leading provider of Brokerage-as-a-Service and other critical investment infrastructure, DriveWealth operates in markets across five continents, including the U.S., the EU/UK, South Korea, Australia and New Zealand, and Brazil. The company supports an average of over 2 million trades per day for its B2B partners around the world, facilitating 24-hour trading, fractional share execution and multi-asset class support for millions of individual global investors. DriveWealth was recently named to CNBC's 'World's Top Fintech Companies 2025' list and recognized on the 2025 Inc. 5000 list of America's fastest-growing private companies for the second year in a row.
Yahoo
18 hours ago
- Business
- Yahoo
Naureen Hassan Comes Out of Retirement as DriveWealth CEO
You can find original article here Wealthmanagement. Subscribe to our free daily Wealthmanagement newsletter. Naureen Hassan, who retired as president of UBS Americas last July, has joined DriveWealth, the brokerage-as-a-service provider, as global CEO. She succeeds Michael Blaugrund, who will take on a newly created role at the NYSE's owner, Intercontinental Exchange, his former employer. Hassan has decades of experience in digital and product innovation; most recently, she led UBS Americas, succeeding Tom Naratil. She had responsibility for 25,000 employees and spearheaded UBS's integration of Credit Suisse in the Americas. She also oversaw the expansion of UBS's digitally customized banking services, the build-out of wealth management's digital capabilities, electronic strategy and platforms, and smart technologies and advanced analytics. When she retired from that role in July 2024, the bank appointed Rob Karofsky as president of UBS Americas and co-president of global wealth management. Iqbal Khan was also named co-president of global wealth management. Hassan is also the former vice president of the Federal Reserve Bank of New York. Prior to that, she held top digital roles at Morgan Stanley and Charles Schwab. At DriveWealth, she'll be tasked with leading operations and driving the company's growth and expansion across markets 'Naureen has a proven track record as an industry innovator and disruptor and is the perfect person to lead DriveWealth through our continued evolution and next phase of growth,' Robert Cortright, DriveWealth founder and executive chairman, said in a statement. 'She joins us during a period of accelerating growth, and we look forward to all that is to come under her visionary leadership.' DriveWealth was founded in 2012 by Cortright, who believed that investing in the U.S. stock market should be accessible globally. The company offers brokerage services, including 24-hour trading and fractional share ownership, to an ecosystem of B2B partners that includes, among others, the direct-to-consumer personal finance application Revolut and, for several months in 2019, custodian and clearing firm Altruist. Last year, the company was granted a brokerage license from the Bank of Lithuania, marking its expansion into Europe. 'DriveWealth has grown by opening doors to new opportunities for investors in new markets and we will continue to work toward realizing the company's potential as the market's most trusted embedded investing technology partner,' Hassan said in a statement. Sign in to access your portfolio
National Post
a day ago
- Business
- National Post
DriveWealth Names Naureen Hassan Chief Executive Officer
Distinguished financial services executive and former president of UBS Americas will lead DriveWealth's next phase of growth and innovation Article content NEW YORK — DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, has announced the appointment of Naureen Hassan as Global Chief Executive Officer (CEO). Hassan succeeds Michael Blaugrund, who is stepping down as CEO to accept a newly created position at ICE (Intercontinental Exchange). Article content Article content Hassan joins DriveWealth with decades of deep expertise in digital and product innovation, operational excellence and regulatory management across global banking and wealth management. She will guide the company's operations, lead its continued growth and expansion across markets, and help fulfill DriveWealth's mission of democratizing investing around the world. Article content 'Michael has overseen a period of significant growth, expansion into new markets and profitability over the last two years as CEO and we thank him for everything that he has accomplished,' said Robert Cortright, DriveWealth Founder and Executive Chairman. 'Naureen has a proven track record as an industry innovator and disruptor and is the perfect person to lead DriveWealth through our continued evolution and next phase of growth. She joins us during a period of accelerating growth, and we look forward to all that is to come under her visionary leadership.' Article content Prior to DriveWealth, Hassan served as President of UBS Americas, where she led a $14B revenue division with more than 25,000 employees, while also spearheading UBS's integration of Credit Suisse in the Americas—the first-ever acquisition between two globally systemically important financial institutions. She also worked at the Federal Reserve Bank of New York, where she drove innovations across payment operations, technology, human resources, risk management, and finance. Article content Before joining the Fed, Hassan served as Chief Digital Officer of Morgan Stanley's Wealth Management business and drove strategy and platform innovation for Charles Schwab's Investor Services division. She began her career at McKinsey & Company. Article content 'DriveWealth is truly changing how and where people invest and providing unique value and capabilities to partners across the globe,' Hassan said. 'I am honored to step into this role, to continue building on the great work Robert and Michael have done, and to help guide the company's continued growth and success. DriveWealth has grown by opening doors to new opportunities for investors in new markets and we will continue to work toward realizing the company's potential as the market's most trusted embedded investing technology partner.' Article content A leading provider of Brokerage-as-a-Service and other critical investment infrastructure, DriveWealth operates in markets across five continents, including the U.S., the EU/UK, South Korea, Australia and New Zealand, and Brazil. The company supports an average of over 2 million trades per day for its B2B partners around the world, facilitating 24-hour trading, fractional share execution and multi-asset class support for millions of individual global investors. Article content DriveWealth was recently named to CNBC's 'World's Top Fintech Companies 2025' list and recognized on the 2025 Inc. 5000 list of America's fastest-growing private companies for the second year in a row. Article content About DriveWealth: Article content DriveWealth is a global B2B financial technology platform. Our core business is providing Brokerage-as-a-Service, powering the investing and trading experiences for digital wallets, broker dealers, asset managers, and consumer brands. DriveWealth's APIs provide our partners with a modern, extensible and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership. For more information, visit Article content Article content Article content Article content Media Contact: Article content Article content Ryan Hall Article content Article content
Bloomberg
a day ago
- Business
- Bloomberg
DriveWealth CEO Leaves For Former NYSE Owner, Succeeded by Industry Veteran Hassan
DriveWealth Chief Executive Officer Michael Blaugrund is returning to his former employer, NYSE owner Intercontinental Exchange Inc., and will be replaced by industry veteran Naureen Hassan. Blaugrund, who spent two years at the helm of the fintech platform for broker-dealers and registered investment advisers, will rejoin ICE next month to work on strategic initiatives, he said in an interview.
