November saw new ventures and hires at some of the country’s largest financial institutions. Meanwhile, smaller players like BankMobile and Stash added key technology posts, and a SaaS fintech landed a major industry vet as its chairman of the board.
Here are the most notable November hires:
Truist snags JPM exec for new payments group
The sixth-largest bank in the country is growing out its payments org. Truist Financial tapped Sal Karakaplan to lead its newly formed Enterprise Payments Group, the company announced this month. The new group is tasked with driving a coordinated strategy across the $499 billion bank’s payments businesses, a big part of which includes delivering next-gen payment products, services and infrastructure.
Before joining Truist this month, Karakaplan led JPMorgan’s integrated payments strategy, working across all payments domains, and spent 10 years at Mastercard in roles spanning corporate development, mobile money and M&A.
Citi taps treasury and trade head to lead new digital advisory practice
Citi is building a new digital policy, strategy and advisory practice across all client segments, and has promoted Naveed Sultan to lead the new venture, according to an internal memo seen by Bank Innovation. As the new chairman of the $2 trillion bank’s Institutional Clients Group (ICG), Sultan will work with governments and advise them how to develop policies around digitizing their economies and financial systems, Citi ICG CEO Paco Ybarra said in the memo.
The new practice has a particular focus on emerging markets, Ybarra said, and will also provide guidance to corporates and other financial institutions on how to adapt business and operating models for the increasingly digital world.
Prior to his new post, Sultan was the head of Citi’s Treasury and Trade Solutions (TTS) business and led several initiatives like Citi’s Digital Money Index, which tracks the adoption of digital payment methods, and the Center for Global Finance and Technology. Sultan will continue his role as the head of TTS until a new one is appointed.
BankMobile adds a chief digital officer
BankMobile, a division of the $17.9 billion Customers Bank, has named James Donahue as its chief digital officer. Donahue will oversee the mobile-first bank’s technology strategies and digital initiatives, part of which will include building on the bank’s data strategy.
Donahue previously worked at Protiviti, a technology consultants firm, advising on cloud emerging technologies, and brings cloud computing experience to BankMobile. He also served as VP of cloud engineering at First Republic Bank and was the global head of cloud architecture, engineering and delivery at Finastra for nearly five years.
Envestnet readies new CTO
Envestnet, an advisory technology company with more than 105,000 advisors across 5,100 companies, has named Robert Coppola chief technology officer this month. Coppola will succeed Scott Grinis when he retires in 2021 as the company’s CTO, a role he has held for two decades.
Coppola will innovate new ways for advisors to leverage Envestnet’s suite of products with a consistent and intuitive user experience throughout the company’s various applications, according to a company statement. Prior to Envestnet, Coppola was chief information officer at Cision and served as the CIO and CTO of S&P Capital IQ and S&P Dow Jones Indices.
Stash bolsters leadership with 3 fresh faces
Personal finance app Stash added three new executives to the fintech’s leadership team this month, according to a company statement.
Chief Creative Officer Chidi Achara leads brand strategy and creative direction for Stash’s studio and in-house agency. Achara held a similar role at Simon Malls, rebranding more than 200 shopping destinations worldwide, and was the VP of creative at Cole Haan, the shoe and leather goods designer.
Nasahn Sheppard joins Stash as the VP of design and research, overseeing the fintech’s product design and UX research teams. He was previously the global head of customer experience design at Amazon, leading the unification of CX across customer-facing touchpoints.
Meanwhile, Caleb Callahan will serve as the VP of fraud, defining and executing Stash’s fraud strategy to balance risk with a consumer-centric experience. Before joining Stash, he was the VP of fraud operations and strategy at Equifax and developed fraud programs for jet.com and Priceline.
The 5-year-old Stash has surpassed $1.9 billion of assets under management and has increased its subscriber base by 40% since the beginning of the year, according to the company.
SaaS fintech lands former Goldman Sachs CIO
Elisha Wiesel, who held tech positions at Goldman Sachs for 25 years, has been appointed chairman of the board of directors at The Floor, a fintech startup that aims to help banks manage vendor offerings alongside their internal tech stack.
In his new role, Wiesel will lead product vision, the company’s U.S. expansion, and partnership opportunities with banks and investors. He previously served as CIO at Goldman Sachs overseeing the bank’s engineering group and, most recently, was a tech consultant for Michael Bloomberg’s 2020 presidential campaign.






