DriveWealth Hires Ex-Stash Invest VP as CIO

Trading technology company DriveWealth announced the appointment of a new chief information officer on Monday.

The New York-based company allows users to invest small amounts of cash in the stock market. Ryan Burke joins the firm from Retail Trading Retail Trading In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade In finance, retail trading refers to individual traders, trading through a broker, or on a platform. This can include novice traders and experienced traders. Trading and investing are divided into two categories, retail and institutional. Institutions include investment banks like JP Morgan or Citibank and global central banks like the US Federal Reserve and the European Central Bank. When we talk about retail trading however, we usually are referring to forex trading, but there are retail trade Read this Term group Stash Invest.

Burke joined the firm in 2016 and spent the following three years as vice president of brokerage and head of operations.

During his time at the company, he helped to develop and grow its retail investing business.

That included expanding the set of products Stash Invest offers and developing the broker’s trading technology.

Driving the market

Prior to joining the retail investment company, Burke spent a decade with Macquarie Securities, the institutional brokerage division of Macquarie Group.

He held a number of senior roles at the company and, when he left in 2016, it was as senior vice president in the operations and Risk Management Risk Management One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, One of the most common terms utilized by brokers, risk management refers to the practice of identifying potential risks in advance. Most commonly, this also involves the analysis of risk and the undertaking of precautionary steps to both mitigate and prevent for such risk.Such efforts are essential for brokers and venues in the finance industry, given the potential for fallout in the face of unforeseen events or crises. Given a more tightly regulated environment across nearly every asset class, Read this Term teams.

All of this experience will come in handy to Burke as he takes on his new role at DriveWealth.

The firm is playing a major role in the increasingly popular commission-free stock trading industry.

DriveWealth provides a white label solution to companies - including Revolut and Stake - who then market the service to consumers.