CMG appoints former Bank of America Executive and former FinTech CEO to its Board
By Pavithra R
Capital Markets Gateway (CMG), a FinTech company modernizing the equity capital markets (ECM) has announced the joining of two new members to its Board. Mary P. Harman, retired Bank of America Executive, and Paul Finch, former Chief Executive Officer (CEO) of Early Warning, owner and operator of the Zelle Network, to bring proven experience establishing innovative technology platforms and trusted global leadership to the CMG’s board.
Harman retired from Bank of America in 2018, where she spent more than 12 years in several senior leadership roles including Head of Global Principal Investment group and Corporate Strategy, where she established a new cross-bank Payment Strategy to drive its multi-billion payments related business across small business, retail, and corporate clients. Her background also includes 2 decades of private equity investing in transformational technologies both at Bank of America & GE. Harman has also served on 20 Corporate Boards across multiple economic cycles, offering expertise in accelerating innovation and transforming business networks.
“With unprecedented IPO and follow-on activity in the current marketplace combined with decentralized teams in work-from-home setups, CMG is in a truly rarefied position. I’ve spent decades of my career working on some of the most notable deals and could not be more enthused by a solution that actually establishes a secure, digital channel between equity capital markets participants. I look forward to supporting the growth of CMG as a board member,” said Harman.
Finch was the CEO of Early Warning from 2003 to 2019. He successfully navigated Early Warning through several transformations, including its transition to a bank-owned consortium model. Under his leadership, Early Warning became the pre-eminent provider of real-time payments and risk and authentication solutions to FIs nationwide, most notably with the launch of Zelle, a real-time payments network which is currently in use by more than 1,000 FIs.
“At Early Warning, we confronted challenges and real friction in the real-time payments space by working with the banks to allow for more efficient flows of capital from person-to-person. Looking at the ECM marketplace, I see so many parallels and believe CMG is the engagement platform to deliver efficiency to the ECM marketplace. A modernized capital formation process can impact the heart of our economy from job creation to innovation. I am thrilled to join the CMG board and help CMG work towards a more efficient marketplace,” said Finch.
“Both Mary and Paul bring tremendous value to our Board. With proven track records of leading dynamic companies and working closely with big banks, their wealth of knowledge and deep corporate experiences will bring a whole new perspective and elevated insight that I know we will benefit from. Our 11 person board already includes representatives from five of the biggest banks and representatives of top buy-side firms. As CMG prepares to launch the first ECM platform in the U.S. to provide digital connectivity between the buy-side and sell-side, we are thrilled to expand our board further with these two appointments,” said Greg Ingram, CMG CEO and co-founder.
Founded in 2015, Capital Markets Gateway (CMG) connects investors and underwriters via a neutral platform that delivers integrated ECM data and analytics, transparency, and workflow efficiencies. According to company data, the CMG platform is currently relied upon by nearly 100 buy-side firms representing $12 T in AUM and 15 investment banks.