NewtekOne, Inc. has hired Mr. Andrew Kaplan as Chief Strategy Officer.
Mr. Kaplan comes to NewtekOne with over 35 years of experience in banking and financial services, with the focus on creating and managing diverse business lines such as payments, digital banking, retail banking, premier banking, and marketing. Most recently, Mr. Kaplan was the Chief Digital Officer at Flagstar Bank, N.A., where he helped transform a dormant digital brand to a leading digital bank and developed a new vertical for the bank, resulting in multi-billion-dollar deposit growth and a 17x increase in accounts in 24 months, with a comprehensive risk and control framework. Prior to Flagstar Bank, Andrew held multiple senior positions in banking areas where he managed the development and growth of key initiatives in areas such as retail products and services, third-party financial solutions, treasury management services, institutional deposits, and retail branch expansion. Andrew began his career in financial services as an investment broker as well as a senior consultant at Citibank Investment Services.
Andrew holds a B.B.A. from Pace University where he graduated Cum Laude, an MBA from Fairfield University, is a graduate of the National School of Banking in Fairfield, CT, and earned a certificate from the Wharton School of Business in Transformative Financial Services & Strategies. Andrew also holds FINRA series 7, 24 and 63 licenses and is licensed for Life, Accident & Health Insurance.
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Barry Sloane, Chairman, President and Chief Executive Officer commented, “Andrew is a rare find in a sea of banking talent. We are extremely fortunate that Andrew sees the opportunity at NewtekOne to innovate and develop our banking and business services model, which isn’t primarily focused on non-interest-bearing deposits and low-margin loans and assets. In order to win over clients and continue to develop best-in-class offerings, Andrew recognizes the client experience and value proposition that must be offered to commercial customers blending state-of-the-art software with people and processes, so that our relationship with NewtekOne’s clients can be counted on to improve the daily operations of our business clientele. Andrew’s addition to NewtekOne’s team of professionals will also expedite the anticipated growth of the Newtek Advantage®, which offers our commercial clients value-added business solutions in addition to a depository relationship versus the industry norm of merely sweeping funds into low- or non-interest-bearing accounts. Andrew’s 35 years of experience, particularly in digital banking and product and process development, will help expand and magnify our growth initiatives.”
Andrew Kaplan said, “I am excited to join this amazing team as Chief Strategy Officer. NewtekOne is uniquely positioned to deliver best-in-class financial solutions for independent business owners, including payments, payroll, technology, insurance, lending, and banking services. I look forward to leveraging our comprehensive offerings to drive growth, enhance client success, and solidify our leadership position in the market.”
SOURCE: GlobeNewsWire