SoFi appoints new chief risk officer

The new exec joins firm from CitiGroup

SoFi appoints new chief risk officer

SoFi has appointed Aaron Webster as chief risk officer to lead its credit risk and underwriting activities, effective July 22.

Webster will also oversee SoFi’s risk, fraud, and credit management frameworks. He most recently served as chief financial officer of CitiGroup’s US retail bank and mortgage business, as well as its global regulatory analytics unit.

"Aaron brings critical expertise in risk, fraud, and credit that align perfectly to the products we have today and the ones on our roadmap," SoFi Chief Executive Officer Anthony Noto said. "He's also a strong leader and culture carrier who can help us continue to build the next great consumer financial services company. We're thrilled he's joining SoFi."

"SoFi is one of the most dynamic companies in financial services,” said Webster. "Anthony and the team impressed me with their vision for putting the member first accompanied with a vigilant focus on risk to protect their members. I am excited about helping the company continue its growth and to build on its culture of innovation, prudent risk management and exceptional member focus."

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