A 20-year veteran of Goldman Sachs just joined Stripe to serve as a top risk manager for the $95 billion fintech

  • Stripe has hired a 20-year veteran of Goldman Sachs to help lead its risk-management efforts.
  • Sujatha Srinivasan was named enterprise risk management lead at Stripe.
  • Srinivasan spent two decades at Goldman, most recently serving as co-head of market risk for global markets.
  • See more stories on Insider’s business page.

A 20-year veteran of Goldman Sachs is leaving the bank to join one of the hottest fintechs in the world. 

Sujatha Srinivasan, a managing director at Goldman Sachs and global co-head of market risk for its global markets division, is joining Stripe as its enterprise risk management lead, according to Srinivasan’s LinkedIn. 

Srinivasan announced the news in a post on her LinkedIn page, detailing the departure from Goldman, where she started her career as an analyst in 2001, as “bittersweet.” She went on to say she was excited to join Stripe to help it continue its “mission to grow the GDP of the internet.”

Stripe is one of the highest-valued privately-held companies in history. Its latest fundraising — a $600 million Series H valuing it at $95 billion announced in March — pushed its valuation above SpaceX’s current $72 billion valuation and Facebook’s pre-IPO valuation of around $80 billion. 

Far from a startup, Stripe has announced a slew of senior hires including former General Motors exec Dhivya Suryadevara as CFO and AWS’ head of sales and business development, Mike Clayville, as its chief revenue officer. The company has also looked diversify beyond its payment roots to a slew of other businesses. 

Srinivasan will join Stripe’s risk organization, which recently lost its chief payments risk officer, Swati Bhatia, to Goldman’s consumer banking division.

A spokesperson for Stripe declined to provide details about Srinivasan’s appointment and role.

Got a tip? Contact Shannen Balogh via email at [email protected], Signal (801-824-5318), or direct message on Twitter @shannen_balogh.

Source: Read Full Article