Galileo hires former Google Cloud exec Derek White as new CEO
Global payments and banking platform Galileo has announced Derek White as its new CEO.
The former Google Cloud executive has been appointed to lead the next phase of expansion and diversification of the US-based firm.
White is a 20-year veteran of the fintech space. As well as his most recent role as vice president of global financial services at Google Cloud, he previously served as the vice chair and chief digital officer for U.S. Bank, global head of client solutions for BBVA and chief design and digital officer at Barclays.
Former CEO and founder Clay Wilkes will switch to vice chair and remains a member of the board of directors of parent company SoFi.
Galileo was acquired by fintech giant SoFi last year in a deal worth $1.2 billion.
Anthony Noto, CEO of SoFi, says: “Galileo and SoFi have made tremendous progress over the last year since closing and I cannot thank Clay enough for building such a phenomenal company and critical technology over the last 20 years.
“At the time of our acquisition of Galileo, Clay and I discussed a succession plan and I am excited for Clay as he steps into the role of vice chairman, with Derek taking his place.
“His stellar track record of fostering and driving innovation across the global fintech ecosystem will benefit the entire team and customer base. Derek will lead Galileo to use its proven solutions, technology and expertise to drive continued success and customer adoption.”
White adds: “I’m privileged and honoured to take the reins from Clay at a time when Galileo has never been stronger or more focused, now powering so many global leaders in fintech and digital banking.”