DriveWealth, a financial technology platform providing Brokerage-as-a-Service, announced the promotions of three members of the company’s senior leadership team, effective immediately.
Jason Pizzorusso will serve as President; Marcus Anthony has been named Chief Financial Officer; and Emily Ellis has been promoted to Chief People Officer.
In their respective new roles, Pizzorusso, Anthony and Ellis will each “take on new responsibilities to further advance DriveWealth’s growth plans and strengthen its value proposition for the firm’s global B2B partners.”
Michael Blaugrund, CEO of DriveWealth said:
“DriveWealth’s vision to democratize finance relies heavily on the brilliant minds we employ. Jason, Marcus, and Emily have each meaningfully contributed to our accelerating growth and leading market position. I’m confident their experience, intelligence and commitment to our company’s values will continue to drive us forward in their expanded roles.”
Pizzorusso, who joined DriveWealth in May 2023 as Chief Financial Officer, will now serve as DriveWealth’s President.
This new appointment reflects the broad leadership contributions Pizzorusso has “made in his first year, including the establishment of a new commercial framework, revamping the partner service model and identifying strategic opportunities to strengthen the company’s operational platform.”
As President, he will be responsible “for DriveWealth’s product, operations and revenue teams, in addition to oversight of the company’s financial function.”
Anthony will shift from Chief Operating Officer “to Chief Financial Officer. Having joined DriveWealth in November 2021 after advising the company on its Series D fundraising, he has played an active role in the firm’s general management, including leading both corporate strategy and investor relations.”
His new role leading DriveWealth’s finance team will call upon the professional skills he developed as an investment banker as well as the character traits he exhibited as an aviator in the U.S. Navy.
Joining DriveWealth’s C-suite, Ellis will transition “from serving as Head of People to Chief People Officer.”
Bringing extensive experience from organizations like Lyft that successfully matured from a growth stage to public companies, she joined DriveWealth in January 2022.
In her newly expanded role, Ellis will “continue to lead HR efforts while designing and implementing programs to support the company’s multi-disciplinary workforce. She will report directly to DriveWealth CEO Michael Blaugrund.”
Founded in 2012, DriveWealth’s technology platform “allows both established companies and emerging digital-native firms to provide securities trading to their customers simply, efficiently, and in a compliant fashion.”
In addition to its patented fractional trading and Brokerage-as-a-Service API technologies, DriveWealth has “a fully featured institutional trading capability that includes order routing, clearing, custody, stock loan, enhanced liquidity and NYSE Floor execution.”
