– USA, NJ – CRB Group, Inc., the parent company of Cross River Bank, a technology infrastructure provider that offers embedded financial solutions, announced the appointments of Roland Fryer, Rich Laxer, and Gabby Vitale to its Board of Directors, effective July 1, 2024:
About Roland Fryer
Roland Fryer is a Professor of Economics at Harvard University and a co-founder of Equal Opportunity Ventures, an early-stage seed fund, and several start-ups. He sits on several boards with an emphasis on business analytics, talent management, and product strategy. His research combines economic theory, big data, AI, and randomized social experiments to help design policies that can increase social mobility in America. Roland was awarded a MacArthur “Genius” Fellowship, the John Bates Clark Medal, and the Presidential Early Career Award for Scientists and Engineers, among others. He was a member of the 2009 Time 100 and has been twice featured in Esquire’s “Genius issue.”
Roland Fryer earned a Bachelor of Arts degree in Economics from the University of Texas at Arlington and a Doctor of Philosophy in Economics from Penn State University.
About Richard A. Laxer
Rich Laxer is a veteran of GE Capital, serving the company for 34 years before retiring in 2018 as CEO and Chairman. Rich held several senior executive roles at GE Capital across the US, Asia, and Europe, and led large, multi-billion dollar global businesses in developing and executing financing strategies critical to the success of world-leading businesses. Richard has extensive experience in M&A, having taken companies public and served on public company boards. He used his experience and expertise to advise companies that are using cutting-edge and innovative technologies to disrupt the financial services industry. Rich has served as a senior advisor to Warburg Pincus and is currently a non-executive director to three of its portfolio companies: Vodeno Technology, and Singular Bank, in addition to Aion Bank, of which he is a Chair. He has proven experience navigating complex market conditions, managing enterprise risk alongside restructuring and integrating large businesses to deliver on financial targets, and his extensive expertise in financing strategies includes private equity, debt, and corporate and commercial finance. Rich joined GE Capital in 1984 after gaining a Bachelor of Arts degree in Business, with a minor in Economics, from Skidmore College, Saratoga Springs, New York.
About Gabrielle Vitale
Gabby Vitale is a recently retired executive of American Express with extensive experience in operations, corporate governance, compliance, and risk management attained throughout her 37-year career of 37 years. She is a strategic leader with deep expertise in cyber, technology, finance, operational and regulatory risk management. In her most recent position at American Express, Gabrielle was EVP and Global Chief Compliance and Ethics Officer. In this role, she was also an Officer of American Express National Bank and served both the Audit and Risk Committees of the Bank and the Holding Company. Other critical roles include Global Operational Risk Officer, CISO, and CFO in the American Express Business Travel unit. Gabby Vitale is committed to nonprofit service. She serves as an executive officer of the board of trustees of the Phoenix Zoo, and Chairs the Finance and Audit Committee. She is a member of the International Women’s Forum including the Arizona chapter.
Gabby Vitale earned a Bachelor of Science degree in Finance from Arizona State University.
About Cross River
Cross River provides technology infrastructure powering the future of financial services. Leveraging its proprietary real-time banking core, Cross River delivers innovative and scalable embedded payments, cards, and lending solutions to millions of consumers and businesses. Cross River is backed by leading investors and serves the world’s most essential fintech and technology companies. Leading the industry, Cross River is reshaping global finance and financial inclusion. Member FDIC.
For more information: https://www.crossriver.com/
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