Former Goldman Executive Secured Funding for This Fintech And Now She Becomes Its CEO

Wait 5 sec.

Financialtechnology firm AccessFintech has named Sarah Shenton as its new chiefexecutive, bringing in a Goldman Sachs veteran to steer the company through itsnext expansion phase.Shentontakes over immediately from John Shay, who had been serving as interim CEO. Theappointment caps off a seven-year relationship between Shenton andAccessFintech, during which she served on the company's board while working forthe investment banking giant.AccessFintech AppointsGoldman Sachs Veteran as New CEOThe new CEObrings two decades of experience in operations and strategic investing from hertime at Goldman, where she most recently ran the Value Accelerator programwithin the investment bank's alternative assets division. In that role, sheworked directly with leadership teams at high-growth companies to improve theiroperations and drive commercial success."Sarahbrings a rare combination of operational depth, technical insight and strategicvision to the CEO role," Shay said. He will remain with the firm as aspecial advisor.AccessFintechoperates what it calls the Synergy Network, a platform that connects more than250 financial institutions and handles over 75 different data sets. The companyprocesses more than one billion transactions monthly, helping banks and otherfirms collaborate on post-trade activities.Shenton isthe latest executive to leave Goldman Sachs for a fintech firm in recent days.Last week, FinanceMagnates.com reported that Ilya Khazen was hired to leadcross-asset sales in the U.S. He previously served as Head of Prime Brokerageat Goldman.“A Strong Foundation”Theleadership change comes as AccessFintech looks to capitalize on increasingdemand for data sharing and workflow automation in financial services. Thecompany's network facilitates real-time collaboration between institutions ontransaction processing and risk management."We'vecreated a strong foundation and an ecosystem that matters, and now is the timeto build on this success and deliver exceptional value to clients,"Shenton said. "As technology continues to transform markets, I lookforward to working with our amazing team to seize the exciting opportunitiesahead."Shenton'sappointment received unanimous board approval, according to Kevin Marcus, apartner at WestCap who spoke on behalf of AccessFintech's board. Her marketknowledge and long-standing involvement with the company made her “well-suitedto guide the organization into its next chapter of growth.”Thetransition appears seamless given Shenton's extensive history withAccessFintech. Sheinitially led Goldman Sachs' Series A investment in the company andmaintained her board position from 2018 through 2025. The fintech has alsoreceived backing from other major investment banks in the past, includingFrance’s BNP Paribas.This article was written by Damian Chmiel at www.financemagnates.com.