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DriveWealth Names Venu Palaparthi as Chief Operating Officer

Author

Slice of Finance Team
10 Sep

Key Highlights:

  • Venu Palaparthi appointed as DriveWealth’s new Chief Operating Officer.

  • Palaparthi brings 30 years of financial markets experience.

  • He will focus on risk, compliance, and international expansion.

  • Former Managing Director at Patomak Global Partners.

  • Start date is September 16, reporting to CEO Michael Blaugrund.

Source (Business Wire)

Notable Quotes:

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"We have thoughtfully expanded our leadership team in recent months as we prepare for our next phase of growth."

Michael Blaugrund, CEO at DriveWealth
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"I’m thrilled to join DriveWealth at such an exciting time as the company embarks on its next stage of growth."

Venu Palaparthi, Chief Operating Officer at DriveWealth

Our Take:

DriveWealth’s hiring of Venu Palaparthi as COO signals the company’s commitment to ensuring robust risk and compliance functions as it scales internationally. His extensive background in regulatory strategy, coupled with his leadership experience across major financial institutions, positions DriveWealth well for sustained growth. The company’s strategic leadership appointments, including Palaparthi, reflect its ambition to further solidify its position as a global leader in Brokerage-as-a-Service.