CardWeb.com’s CardExecs database of payments industry movers and shakers today features Barrett Burns, President & Chief Executive Officer of VantageScore Solutions.
Barrett Burns is president and CEO of VantageScore Solutions, a company launched by the nation’s three major credit reporting companies (CRCs) – Equifax, Experian and TransUnion – in March 2006 to offer VantageScore, a new generic credit scoring model. VantageScore provides credit grantors with a highly predictive model that uses an innovative, patent-pending scoring methodology to deliver a consistent interpretation of consumer credit files across all three CRCs and the ability to score a broad population.
Burns joined VantageScore with more than three decades of professional experience in risk and credit management. He has held a diverse number of national and international leadership positions at several of the country’s most prestigious financial services companies.
Prior to joining VantageScore, Burns was the executive vice president heading the National Private Banking Group of U.S Trust and a member of both U S Trust’s Executive Committee and the Senior Management Team of parent company, The Charles Schwab Corporation. Burns led a strategic restructuring of 33 once-independently run offices into a single operating unit resulting in record profits for the National Private Banking Group in 2003 and again the following year, despite significant infrastructure, operations, product development and staffing investments.
Earlier in his career, he served as executive vice president of global risk management at Ford Motor Credit Company, where he was a member of the $204 billion auto finance organization’s Management Committee and senior personnel, treasury and executive oversight committees. He was responsible for all aspects of risk management including credit, treasury and operations risk plus collections-related Six Sigma projects.
Burns also served as senior vice president and chief credit officer with Finance One Banking Group, the consumer and commercial finance unit of Bank One that was, at the time, the nation’s fifth-largest finance company. In that role he held the highest level of credit authority delegation within the company. Burns started his career at Bank One within its $25 billion auto finance company as senior vice president and chief operating officer.
Prior, Burns spent more than a decade with Citibank, lastly as group credit officer for an international consumer banking division that included operations throughout the U.S. and Europe. He had previously held a similar position of responsibility for credit quality and portfolio management for a 14-state region in the western U.S. He has also held a senior credit management position at Houston-based Southwest Bancshares, which later became M Corp.