Three top executives to leave SoFi

People • June 6, 2019, 5:50AM EDT
UPDATED: June 6, 2019, 11:20AM EDT
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Online lender SoFi will see three executives step down from their roles in the coming weeks, The Wall Street Journal writes.

Marketing chief Joanne Bradford, head of risk Kevin Moss and capital markets executive Ashish Jain are all planning to leave the company. The three execs had been at the bank-challenger firm since before Anthony Noto took over as a CEO in 2018.

SoFi raised over $500 million in its latest funding round last month, valuing it at $4.3 billion - essentially the same price it was valued at in its 2017 raise.

Former Intuit Marketing Vice President Lauren Stafford Webb and former Zynga CMO  Jennifer Nuckles will take over the marketing position. It is not yet certain who will take over the other two positions.

According to a SoFi spokesman, the company has hired a dozen new employees to fill executive positions in the past year.

AUTHOR

Isabel Woodford profile picture Isabel Woodford

Isabel is The Block's London and European reporter. She previously reported for Reuters in Madrid and London, following on from her time as a freelance journalist for the Guardian and the New York Times. She has a Bachelors in War Studies from King’s College London and a Master of Philosophy from the University of Oxford. Conflict of Interest: Edward Woodford, the CEO of SeedCX, is Isabel's brother. She does not report on any issues related to Seed or advise other authors in any regard.

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