The first all-digital nationally chartered bank in the U.S. just added to its board.
According to a press release, Roy Swan will join Varo Bank’s Board of Directors bringing over 30 years of expertise in banking, community development, impact investing, and philanthropy across a number of leading organizations and institutions.
Varo looks to accelerate its direct community action and social impact programming in support of financial inclusion and opportunity for all in the latest appointment.
“Banking and finance are key components of the long-term solutions to issues of racial equity and social justice,” said Swan in a news release. “I am thrilled to be joining Varo’s Board to continue to advance its impact mission and ensure Varo is an agent of structural change in the US banking system.”
Currently, Swan serves as the Director of Mission Investments at the Ford Foundation where he manages a portfolio of impact investments for one of the world’s leading philanthropic foundations. He earned his undergraduate degree from Princeton and his law degree from Stanford Law School.
“We are very excited that Roy will be joining our diverse and experienced Board,” said Colin Walsh, CEO and founder of Varo Bank, in a statement. “Roy’s wealth of expertise in leveraging the tools of finance for impact, inclusion, and equity will strengthen Varo’s commitment to our unique impact mission.
Prior to joining the Ford Foundation, Swan served as the founding chief investment officer of New York City’s Upper Manhattan Empowerment Zone (UMEZ), CFO at Carver Bancorp, the nation’s largest African Managed bank, and co-head of Global Sustainable Finance at Morgan Stanley.