BMG Money Names Victor Loyola as Chief Risk Officer
Portfolio - People | Feb 05, 2025 | EIN
BMG Money has appointed Victor Loyola as its new Chief Risk Officer (CRO). Loyola, who brings nearly 30 years of experience in global financial risk management, will report directly to CEO Kieran Noonan. His new role involves refining the company's risk strategies while maintaining financial stability and expanding access to affordable credit solutions for underserved consumers. Previously, Loyola occupied senior risk management roles at Citibank, Barclays, and HSBC across various international markets. He also has entrepreneurial experience from establishing Consiga Mais, a Brazilian fintech, and conducting a strategic M&A with digital bank Neon. Loyola's appointment is timely as BMG Money strengthens its LoansAtWork program, aiming to provide low-cost emergency loans amidst rising consumer debt. The Miami-based company, operational in 39 states and D.C., focuses on enhancing financial wellness through employment-based lending and financial education.
Sectors
- Financial Services
- Fintech
Geography
- United States – BMG Money is headquartered in Miami, FL, and operates across 39 states plus D.C., focusing on providing financial solutions to underserved Americans.
- Brazil – Victor Loyola, the new CRO, has entrepreneurial experience in Brazil, and will be based there temporarily before relocating to the U.S.
Industry
- Financial Services – The article primarily discusses the appointment in a financial services company, BMG Money, which deals with consumer credit and lending solutions.
- Fintech – Victor Loyola's experience in fintech, especially through co-founding a fintech company, underscores the article's focus on tech-driven financial solutions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BMG Money | Company appointing a new CRO | Company | A financial services company providing employment-based lending solutions, headquartered in Miami. |
| Victor Loyola | Chief Risk Officer | Person | Newly appointed CRO of BMG Money with extensive experience in risk management and fintech. |
| Kieran Noonan | CEO of BMG Money | Person | The President and CEO of BMG Money, overseeing the company’s growth and strategic appointments. |