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.
CardWeb.com’s CardData database of Company Profiles today features Acculynk.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Rick Weller, Executive Vice President and Chief Financial Officer of Euronet Worldwide.
CardWeb.com’s CardExecs database of payments industry movers and shakers today features Ron Casciano, President and Chief Executive Officer for PAR Technology Corporation.
CardWeb.com’s CardExecs database of payment industry movers and shakers today features Bharat Masrani, President and Chief Executive Officer of TD Bank Group.
Zuora continued expansion of its executive management team with the addition of Keith Costello, who will join as Zuora’s Senior Vice President of Global Services. An enterprise technology executive with twenty-five years of experience, Costello previously served in senior executive roles at Oracle, Siebel Systems, and at SAP. Guillaume Vives, who previously held the position of Senior Vice President of Professional Services, has been named Senior Vice President of Strategy and Product Management. Keith Costello was with SAP, where he held a variety of senior leadership positions, including Executive Vice President and General Manager in SAP’s business analytics and global services divisions. At Siebel Systems, Costello served as Group Vice President of Global Services, and at Oracle as Vice President of Oracle Consulting.
Opus Bank announced that Romolo “Ron” Santarosa has joined Opus Bank and has been appointed Executive Vice President, Chief Operating Officer, and a member of Opus Bank’s Executive Committee. As the Bank’s Chief Operating Officer, Mr. Santarosa is responsible for leading, managing, and directing the operational and support functions of Opus Bank, including Banking Operations, Information Technology, Project Management, Corporate Real Estate, and Vendor Management and Procurement, as well as being responsible for acquisition integration, and process improvement and efficiency management. Mr. Santarosa, a 22-year banking veteran, joins Opus Bank most recently from First California Financial Group and its bank subsidiary First California Bank (together “FCAL”), where he served as Senior Executive Vice President, Chief Operating Officer and Chief Financial Officer. Mr. Santarosa is a graduate cum laude of Ithaca College and a member of American Institute of Certified Public Accountants, and the California State Society of CPAs.
Yodlee announced Mike Armsby has been appointed CFO. Formerly CFO of View dynamic glass for buildings, where Armsby raised over $150 million in company financing, his experience spans 20 years and includes positions at Price Waterhouse, Bain & Company, Synopsys and the position of CFO for PowerLight. At PowerLight, Armsby managed a successful sale of the company to SunPower where he continued to integrate the businesses and drive significant growth as Vice President of Finance. He holds a master in business administration from Harvard University and a bachelor of science in economics from the Wharton School of Finance from the University of Pennsylvania.
Michael F. McEneney has been named MasterCard Worldwide Deputy General Counsel, to lead the Global Public Policy, Regulatory Advocacy, Litigation, and the Product and Advisors legal teams. McEneney was previously a partner at Sidley Austin LLP in Washington, D.C., where he spent more than a decade advising global payment system and banking clients, including MasterCard, on the full range of legal issues affecting the financial services industry. His areas of expertise include privacy, data protection, e-Commerce, anti-money laundering, debit and credit regulation and consumer bankruptcy issues. McEneney is a frequent speaker and writer on financial services issues and has testified before Congress on behalf of a diverse group of financial services organizations. He also represented major payment card systems clients on federal legislative and regulatory policy matters and counseled financial institutions on federal regulations. McEneney received a Bachelor of Science degree from Manhattan College and a Doctor of Jurisprudence degree from the Boston University School of Law.
Canadian-based TD Bank Financial Group completed its acquisition of the FL-based South Financial Group. The FL Bank’s operations have already been converted
to the TD platform. With this, TD will introduce its brand, retail banking and regional banking model across South Financial’s existing footprint. TD lending
has grown in the U.S. by 20% since 2007. TD has grown to one of the 15 largest commercial banks in the United States, providing customers with a full range
of financial products and services at about 1,300 convenient locations from Maine to Florida.
TD Bank posted 2Q/10 net income of $1.2 billion, compared with the year ago figure of $912 million. Adjusted net income held steady at $1.3 billion, flat year-over-year, while total revenue was $1.2 billion, compared to $1.1 billion last quarter and $1billion the year ago quarter. Additionally, Non-interest expenses totaled $688million, compared to $659million last quarter and $594 the year ago quarter; net income posted $271million, up from the $241million last quarter and the $151million seen in the corresponding period last year; and net income totaled $276million, compared with $241million last quarter and $213million the year prior.
TD Bank posted 2Q/10 net income of $1.2 billion, compared with the year
ago figure of $912 million. Adjusted net income held steady at $1.3
billion, flat year-over-year, while total revenue was $1.2 billion,
compared to $1.1 billion last quarter and $1billion the year ago
quarter. Additionally, Non-interest expenses totaled $688million,
compared to $659million last quarter and $594 the year ago quarter; net
income posted $271million, up from the $241million last quarter and the
$151million seen in the corresponding period last year; and net income
totaled $276million, compared with $241million last quarter and
$213million the year prior.