SoFi Technologies, Inc. (NASDAQ: SOFI) has announced the appointment of Stephen Simcock as its new general counsel. Simcock, who brings over three decades of experience in the legal field within major financial institutions, will take over from Rob Lavet, SoFi’s retiring chief legal officer.
Simcock's career includes roles such as vice chairman of JPMorgan Chase & Co's legal department and general counsel for Chase’s retail businesses. He also served as general counsel for Citigroup, Inc.'s global consumer bank and held similar positions across various units within the firm. At SoFi, he will manage all legal affairs, regulatory compliance, and corporate governance.
“We are thrilled to welcome Stephen to SoFi,” said SoFi CEO Anthony Noto. “His deep experience in financial services – along with demonstrated success as a culture and business leader – make him an excellent fit for SoFi as we pursue our path to becoming a top 10 financial institution.”
Simcock expressed enthusiasm about his new role at SoFi: “I have spent my entire career in consumer banking and am thrilled to join a firm known for its focus on helping its members achieve financial independence through a strong suite of consumer-focused products. SoFi’s mission and values align perfectly with mine.”
In addition to his new responsibilities at SoFi, Simcock serves on several boards including New York’s Board of Public Health Solutions, A.I.M by Kyle Abraham dance company, and the Fisher Center for the Performing Arts at Bard College.
Rob Lavet is transitioning into an advisory role after joining SoFi in 2012 and playing a significant part in the company's growth. Lavet helped expand SoFi’s product offerings, reach public markets, and establish a national bank charter. He will continue serving as a director of SoFi Bank, N.A.
“We could not be more grateful to Rob for all of his leadership, wisdom, and support in building SoFi into the company it is today,” said Noto. “Rob’s leadership has been critical in helping the company at every major milestone of its existence having joined as employee #33.”
SoFi Technologies offers digital financial services aimed at helping people achieve financial independence through various products including lending, checking and savings accounts, investment options, credit cards, insurance products, and financial planning resources.
For more information about SoFi Technologies or to access their services via app downloads on iOS or Android platforms, visit their website at SoFi.com.