Two more former executives with the defunct credit union broker-dealer XCU Capital Corp. have surfaced to head a San Francisco online brokerage firm.
Marco Fuentes, who served as assistant vice president of compliance and operations at XCU Capital prior to its 2007 acquisition by LPL Financial Corp., is the CEO of Veriture Financial. Eileen Griffin is the firm's executive vice president of marketing and communications. She previously served as vice president of marketing and human resources at XCU Capital. In addition to the two executives, Veriture said other former XCU employees have been tapped to work for the company.
Veriture has partnered with a broker-dealer and an insurance provider to offer online trading, brokerage services, and insurance programs aimed at credit unions, according to the company. The firm said it provides members with access to stocks, mutual funds and annuities. Veriture also offers a self-directed online trading platform.
Separately, former XCU Capital President/CEO Mark Hoaglin launched a management consulting firm earlier this year. After LPL Financial acquired the credit union-owned broker-dealer, Hoaglin was hired as senior vice president of credit unions at LPL Financial Institution Services where he worked for more than a year. XCU Capital was founded in 1987 by then Xerox Federal Credit Union, now the $798 million Xceed Financial Credit Union.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
