San Francisco-based NerdWallet has elected Simon Williams to its board of directors after he ponied up a $5 million investment from his Camelot Financial Capital Management. The funding brings the company’s Series A funding to $69 million.
Williams ” a former CEO of Citibank Retail Banking and group head of HSBC Wealth Management ” will leverage his decades of experience in banking to help guide NerdWallet as it gives consumers clarity around all of life’s financial decisions. More than 3 million consumers turn to NerdWallet every month for tools, research and expert advice on topics ranging from the best credit card to how to plan for retirement.
Williams is the latest finance luminary providing expertise to NerdWallet. In May 2015, James D. Robinson III, former CEO of American Express, and Vikram Pandit, former CEO of Citigroup, were named board advisors.
Williams is actively involved in other highly successful financial services startups, including Lending Club, where he is a director, and OnDeck Capital, where he is an investor and former director. He founded Camelot in 2007, recognizing the opportunity to advise and invest in fintech companies that were driving the next generation of banking.
Williams has developed deep industry knowledge over the course of his more than 30-year career, during which he held executive positions spanning the breadth of financial services. He served as head of HSBC’s Wealth Management group from 2011 to 2014. From 1997 to 2006, Williams was a senior executive at Citigroup Inc.; his roles included head of Citibank International Retail Bank, head of the Asia Pacific Consumer Group, head of the Latin America Consumer Group and chief risk officer for Citigroup Global Consumer Group. Williams has also held senior management roles at GE Capital, Bain & Co., and Price Waterhouse.
On the NerdWallet board, Williams joins Chen; Jules Maltz, general partner at IVP; and Tom Loverro, who led RRE Venture’s investment in NerdWallet and now serves as vice president at IVP.
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