Mike Lagnese Email & Phone Number

Crystal Bay, Nevada, Us

A venture and private equity fund focused on Fintech and digital payments.Full authority for strategy and execution across all areas of finance, including FP&A, Controllership and Treasury. · Led the successful acquisition and due diligence of Vast Bank (nationally chartered) which will be the cornerstone of the Funds Fintech strategy.· Instrumental for the successful regulatory approval from the OCC and Federal Reserve on this transaction.· Led the evaluation and negotiations with vendors to build / buy a best-in-class BaaS full stack technology platform.· Developed the pricing and go to market strategy for the BaaS business.

Stamford, Connecticut, Us

Full authority for strategy and execution across newly-formed, customer-facing brand ($50B Synchrony Bank deposit platform and $1B Synchrony general purpose credit card business) serving 1.5 million customers across 50 states. • Led massive Synchrony Bank digital transformation with 100+ developers through SAFe Agile methodology◦ Launched native mobile app, created interactive service website, and designed new, best-in-class account opening process, reducing average time from 12 to 5 minutes.◦ Received 2019 Celent Model Bank Award for redesigned core technology platform and infrastructure.• Repositioned $1B Synchrony Card portfolio with 2% cash back value proposition generating $75M annual earnings

Stamford, Connecticut, Us

Responsible for 27th largest US bank by deposits including operations, marketing, information technology, finance, strategy, business development, supplier management, credit, legal, and compliance. 400 employees.• Drove repricing strategy while maintaining deposit growth. • Reduced account acquisition costs and improved productivity while increasing customer satisfaction.

Stamford, Connecticut, Us

Responsible for developing risk/return underwriting strategy. Developed monthly enterprise-wide credit review process and credit strike zone for profitable growth. Drove $400M+ of credit savings.

Stamford, Connecticut, Us

Responsible for overseeing all enterprise risk initiatives. Developed first-of-kind, comprehensive risk monitoring and mitigation framework for newly formed public-traded Synchrony Financial. Advised Board Risk Committee and leadership team on capital, liquidity, strategic, and credit loss risk appetite levels.

Norwalk, Ct, Us

Member, Board of Directors, GE Capital Retail Bank. Responsible for financial leadership of $65B asset/$1.8B net income institution. Strong #2 focused on driving profitable growth as the Bank’s loan portfolio grew $55B in 6 years. • Drove 2-year process of separation of GE Capital Retail Bank and July 2014 IPO of Synchrony. • Led acquisition of $7B MetLife Retail Deposit portfolio and platform, including integrating staff of 200.• Successfully negotiated capital reduction and dividend distribution agreement with Federal Reserve, OCC, and FDIC.

Norwalk, Ct, Us

Member, Board of Directors, GE Capital Industrial Lending Corp. Reported to President with financial and operating accountability for $15B sales/$60M net income, 400-employee business. • Drove 25% increase in net income via initiatives including pricing, lean, and contract renegotiation. • Led sale of Corporate Payment Services to American Express and first-of-kind card solution with Wachovia Bank.

Norwalk, Ct, Us

Reported to CFO of GE Capital’s US Retail Finance. Responsible for business development finance support. Led team of 12 professionals from Business Development, Marketing, Risk, Operations, Collections, Legal, and General Managers of Retail Finance and Sales Finance businesses.• Structured deals that brought in new business accounting for $100M annual earnings, including private label & co-branded credit cards for Amazon, PayPal, JC Penney, Gap Brands, Sam’s Club, Dillard’s, Mervyn’s, Lowe’s, Brooks Brothers, and Wal-Mart.

Norwalk, Ct, Us

Launched, co-managed, and grew Gap, Banana Republic, Old Navy portfolio to $1B profitability in 18 months.

Led sale of $6B card services business to MBNA resulting in $1.2B gain.

New York, Ny, Us

Bs, Accounting

Education record