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MoneyLion Appoints Mark Torossian as Chief Accounting Officer
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
MoneyLion Inc. announced the appointment of Mark Torossian as Chief Accounting Officer, effective April 1, 2022. With over 16 years of financial leadership experience, Torossian joined MoneyLion in January 2022 and previously served as Chief Accounting Officer at Salt Blockchain Inc. and held senior roles at OnDeck Capital Inc. and Bank of New York Mellon. He will oversee the company's accounting and reporting functions, reporting to CFO Rick Correia. Torossian is a certified public accountant and an adjunct professor at Pace University.
Positive
Appointment of Mark Torossian as Chief Accounting Officer adds expertise to MoneyLion's finance team.
Torossian's extensive experience in financial services is expected to strengthen accounting and reporting functions.
Negative
Potential concerns regarding continuity and experience gaps due to management changes.
NEW YORK--(BUSINESS WIRE)--
MoneyLion Inc. (“MoneyLion”) (NYSE:ML), an award-winning, data-driven, digital financial platform, announced today that Mark Torossian has been appointed Chief Accounting Officer, effective April 1, 2022. Mark will oversee MoneyLion's accounting and reporting functions and report to Rick Correia, MoneyLion’s Chief Financial Officer.
Torossian joined MoneyLion in January 2022 with over 16 years of accounting and financial leadership experience. He most recently served as Chief Accounting Officer of Salt Blockchain Inc. Previously, he was Senior Vice President of Finance & Principal Accounting Officer for OnDeck Capital Inc. (ONDK), a financial services company specializing in small business lending until their acquisition by Enova International. Prior to ONDK, Torossian held various financial leadership roles at Bank of New York Mellon (BNY), including Chief Financial Officer of BNY’s Asset Servicing Americas business. In this role, he had responsibility for overseeing all aspects of financial and strategic support for the U.S., Canada and Latin America. Torossian began his career at Merrill Lynch where he served in a variety of accounting and FP&A roles.
Torossian holds a MS Finance and BBA Public Accounting from Pace University and is a Certified Public Accountant in the State of New York. He is currently an adjunct Accounting Professor at Pace University.
“I am thrilled to lead MoneyLion’s accounting and reporting functions at such an exciting time for the organization,” said Mark Torossian. “I look forward to working closely with the finance team and supporting the company's mission of providing financial access and advice to all consumers.”
“Mark is a seasoned professional and an excellent choice to lead our accounting and reporting functions given his extensive prior experience within financial services organizations,” said Rick Correia, CFO of MoneyLion. “We are confident that his expertise will add significant depth to our finance team.”
About MoneyLion
MoneyLion offers a personalized, all-in-one, digital financial platform that provides convenient, low-cost access to banking, borrowing and investing solutions tailored for its customers, rooted in data, and delivered through its proprietary technology platform. Since its launch in 2013, MoneyLion has engaged with millions of hard-working Americans, using innovative, data-driven approaches to address its customers’ individual life inflection points and financial circumstances. From a single app, members can get a 360-degree snapshot of their financial lives and have access to personalized tips and tools to build and improve their credit and achieve everyday savings. MoneyLion is headquartered in New York City, with offices in Jersey City, Kuala Lumpur, Malaysia, Santa Monica and Sioux Falls. MoneyLion has achieved various awards of recognition including the 2020 Forbes FinTech 50, Aite Group Best Digital Wealth Management Multiproduct Offering, Finovate Award for Best Digital Bank 2019, Benzinga FinTech Awards winner for Innovation in Personal Finance 2019 and the Webby Awards 2019 People’s Voice Award.
For more information about the company, visit www.moneylion.com. For investor information and updates, visit investors.moneylion.com and follow @MoneyLionIR on Twitter.
