DriveWealth Announces New Executive Hires Across Product and Operations Teams

Former Morgan Stanley leaders Kyla Murphy and Lauren Veisz bring specialized expertise and deep industry experience to the DriveWealth team

May 21, 2024 09:00 AM Eastern Daylight Time

Kyla Murphy
Chief Product Officer
Lauren Veisz Head of Operations

NEW YORK–(BUSINESS WIRE)–DriveWealth, a leading financial technology platform providing Brokerage-as-a-Service, announced today the hiring of two new executives: Kyla Murphy, as Chief Product Officer and Lauren Veisz as Head of Operations. In their respective roles, Murphy and Veisz will help to further expand DriveWealth’s footprint in global markets, develop deeper relationships with current and potential partners, and build out the company’s product roadmap.

“DriveWealth powers our global partners’ investing and trading applications through a combination of world-class technology and deep industry and regulatory knowledge,” said Michael Blaugrund, CEO of DriveWealth. “Kyla and Lauren each bring specialized expertise in their respective fields, strengthening DriveWealth’s ability to serve our partners globally and expand our platform at scale to meet their needs.”

Murphy brings two decades of experience as a financial services executive across finance, wealth management, banking, and technology-leading risk management infrastructure, global regulatory implementations and business integrations. She worked at Morgan Stanley for 17 years, holding multiple management roles and most recently served as a Managing Director and Head of Basel Implementation. She holds a Bachelor of Arts degree in History from Yale University and is Series 7, 63, and 99 registered.

Veisz held various leadership roles across the operations, technology, and finance divisions throughout her more than 20 years at Morgan Stanley, playing a pivotal role in executive regulatory change across the organization. She most recently served as Head of Business Architecture and Change for the Global Finance Division of Morgan Stanley. She holds a Bachelor of Science in Accounting and Finance and a minor in Economics from Molloy University.

Founded in 2012, DriveWealth’s technology platform allows both established companies and emerging digital-native firms to provide securities trading to their clients simply, efficiently, and in a compliant fashion. In addition to its patented fractional trading and Brokerage-as-a-Service API technologies, DriveWealth has a fully featured institutional trading capability that includes order routing, clearing, custody, stock loan, enhanced liquidity, and NYSE Floor execution.

To learn more about DriveWealth’s technology and services, contact [email protected].

About DriveWealth:

DriveWealth is a global B2B financial technology platform. Our core business is providing Brokerage-as-a-Service, powering the investing and trading experiences for digital wallets, broker dealers, asset managers, and consumer brands. DriveWealth’s APIs provide our partners with a modern, extensible, and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership.

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