Varo Bank welcomes Roy Swan to its Board of Directors

By Pavithra R

Varo, the digital national bank, has announced the joining of its Roy Swan to its Board of Directors. Mr Swan brings to Varo over 3 decades of expertise in banking, philanthropy, community development, and impact investing across a number of leading institutions and organizations. 

Under Swan’s leadership and experience on the Board, Varo expects to bolster its social impact programming and direct community action in support of financial inclusion and opportunity for all. 

“Banking and finance are key components of the long-term solutions to issues of racial equity and social justice. I am thrilled to be joining Varo’s Board to continue to advance its impact mission and ensure Varo is an agent of structural change in the U.S. banking system,” said Swan.

Currently, Mr Swan serves as the Director of Mission Investments at the Ford Foundation, managing a portfolio of impact investments for a leading philanthropic foundation. Before joining the Ford Foundation, Mr Swan served as the co head of Global Sustainable Finance at Morgan Stanley, the founding chief investment officer of New York City’s Upper Manhattan Empowerment Zone (UMEZ), and CFO at Carver Bancorp. 

“We are very excited that Roy will be joining our diverse and experienced Board. Roy’s wealth of expertise in leveraging the tools of finance for impact, inclusion and equity will strengthen Varo’s commitment to our unique impact mission,” said Colin Walsh, CEO and founder of Varo Bank, N.A. 

Mr Swan earned his undergraduate degree from Princeton and law degree from Stanford Law School. 

Varo’s mission is to redefine banking, enabling everyone to make smart choices with their money. The FinTech has built its fully digital banking solution from the ground up faster than originally planned. Launched its banking services officially in July 2017, offering premium banking products through The Bancorp Bank, Varo helps Americans stretch their money with bank and savings accounts that have no minimum balance requirement and no monthly account fees.