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.

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.
• 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.
• 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.
• 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.

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