Naga Parvatharajan (pictured) has been appointed as chief executive of financial technology company Ratehub Inc., succeeding co-founders Alyssa Furtado and James Laird, who have served as co-CEOs since the business began trading in 2010.
The duo will continue to play significant roles in the company, with Laird retaining his position as Ratehub’s broker of record.
“We are thrilled to announce this significant milestone in Ratehub’s journey,” Furtado declared. “The decision to seek a new CEO was driven by our ambition to explore untapped potential. Naga’s track record of scaling unique enterprises like Ratehub is unparalleled, and we believe his expertise will be instrumental in scaling Ratehub to new heights.”
With over two decades of leadership experience in the banking and fintech sectors, Parvatharajan brings extensive expertise to Ratehub. His credentials include time spent at the likes of SoFi, Goldman Sachs, Discover, and Capital One. The new Ratehub chief also serves on the boards of various financial services firms in the US.
Commenting on the change, Laird noted: “We remain deeply committed to Ratehub’s success as shareholders, board members, and strategic advisors. This leadership transition, supported by our partner, Novacap, is a testament to our shared vision for growth and excellence.”
Parvatharajan, meanwhile, welcomed his new remit.
“I am honoured to lead Ratehub in its next chapter of innovation and growth,” he said. “Ratehub has what it takes to become bigger and make a difference in the consumer’s finances as a one-stop shop for all financial needs – save, spend, borrow, invest, protect – while continuing to double down on mortgage originations as rates rally.”
Manned by 170 people, Ratehub consists of financial product comparison site and mortgage brokerage Ratehub.ca, mortgage lender CanWise, insurance brokerage RH Insurance, and personal finance website MoneySense.
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