Mike Lagnese

Mike Lagnese Email and Phone Number

CFO | General Manager | Strategy, Transformation, Transactions, Operational Excellence | Financial Services & Payments @ Hard Yaka Ventures
Mike Lagnese's Location
Sarasota, Florida, United States, United States
About Mike Lagnese

Strategic CFO with a record of driving profitable growth. Extensive financial and governance experience in public markets, P&L ownership ($60M to $1.8B), and expertise in improving operations and continuously delivering results.Proven change agent with a positive perspective and effective decision-making leadership through complex transactions including M&A (acquisition, divestiture, integration, spin-off, and IPO) and large-scale digital transformation.Go-to “quarterback” for creating significant impact. Unique ability to sit in the middle of a “hub-and-spoke” model with command of functions within finance as well as across the enterprise (treasury, credit, technology, business development, strategy, marketing, risk, and operations). Uses every tool, from pricing and underwriting strategies and cost improvement initiatives to a strong people-first mentality and authentic emotional intelligence. Influences operational excellence and develops deep, trust-based relationships both internally and externally with investors in capital markets, rating agencies, and boards.

Mike Lagnese's Current Company Details
Hard Yaka Ventures

Hard Yaka Ventures

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CFO | General Manager | Strategy, Transformation, Transactions, Operational Excellence | Financial Services & Payments
Mike Lagnese Work Experience Details
  • Hard Yaka Ventures
    Chief Financial Officer - Portfolio Company
    Hard Yaka Ventures Jan 2023 - Present
    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.
  • Synchrony
    Svp - Strategy & Execution I Direct To Consumer
    Synchrony 2019 - 2023
    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
  • Synchrony
    Svp - General Manager Consumer Banking
    Synchrony 2018 - 2019
    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.
  • Synchrony
    Svp - Cfo Of Credit
    Synchrony 2017 - 2018
    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.
  • Synchrony
    Svp - Enterprise Risk Leader
    Synchrony 2016 - 2017
    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.
  • Ge Capital
    Svp - Chief Financial Officer, Ge Capital Retail Bank
    Ge Capital 2009 - 2015
    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.
  • Ge Capital
    Coo & Cfo, Corporate Payment Services
    Ge Capital 2005 - 2009
    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.
  • Ge Capital
    Svp, Business Development Finance, Us Retail Finance
    Ge Capital 2002 - 2005
    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.
  • Ge Capital
    Cfo, Gap Inc. Brands Portfolio
    Ge Capital 2000 - 2002
    Norwalk, Ct, Us
    Launched, co-managed, and grew Gap, Banana Republic, Old Navy portfolio to $1B profitability in 18 months.
  • First Union Corporation
    Vp, Card Services, Business Development & Revenue Enhancement
    First Union Corporation 1996 - 2000
    Led sale of $6B card services business to MBNA resulting in $1.2B gain.
  • Nationsbank
    Assistant Vp, Corporate Finance, Real Estate
    Nationsbank 1992 - 1996
  • Greater New York Savings Bank
    Senior Auditor
    Greater New York Savings Bank 1991 - 1992
  • Kpmg Peat Marwick
    Accountant, Audit Division
    Kpmg Peat Marwick 1988 - 1991
    New York, Ny, Us

Mike Lagnese Education Details

  • St. John'S University, The Peter J. Tobin College Of Business
    St. John'S University, The Peter J. Tobin College Of Business
    Accounting
  • Ge Executive Development Program
    Ge Executive Development Program

Frequently Asked Questions about Mike Lagnese

What company does Mike Lagnese work for?

Mike Lagnese works for Hard Yaka Ventures

What is Mike Lagnese's role at the current company?

Mike Lagnese's current role is CFO | General Manager | Strategy, Transformation, Transactions, Operational Excellence | Financial Services & Payments.

What schools did Mike Lagnese attend?

Mike Lagnese attended St. John's University, The Peter J. Tobin College Of Business, Ge Executive Development Program.

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