Robinhood, a trading App and Fintech stealth bank, recently announced it has appointed former SEC Commissioner, Dan Gallagher, to its Board of Directors. According to Robinhood, Gallagher has an extensive background in finance markets and regulatory matters and will be bringing expertise to the Board as Robinhood continues to grow and democratic its financial system.
Speaking about Gallagher’s appointment, Baiju Bhatt, Co-Founder and Co-CEO of Robinhood, stated:
“At Robinhood, we are focused on our responsibility to our customers as we work to make our financial system more inclusive. To support this, we continue to add leaders that have deep regulatory and financial backgrounds and complement our customer-driven approach to building products. Dan has an incredible understanding of our industry and we are fortunate to have his perspectives as we continue to scale Robinhood.”
Robinhood noted that Gallagher is currently a partner and deputy chair of the securities department at the international law firm, WilmerHale. He served as an SEC Commissioner from 2011 to 2015 and also held several other positions on the SEC staff prior to being appointed commissioner, which includes Deputy Director and Co-Acting Director of the division of trading and markets. Sharing his thoughts about joining the board, Gallagher commented:
“Robinhood has an impressive focus on its customers and making the financial markets more accessible. I am honored to serve on the Board and look forward to contributing to the company’s work as it continues to expand the financial services it offers.”
Robinhood then added:
“Dan’s addition to the Board of Directors for Robinhood Markets reflects our continued ability to bring together the best of finance and technology to help democratize our financial system. Over the past several months, an impressive group of seasoned leaders has joined our management team.”
