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 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 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.