TLDR: Synchrony has appointed Pierre Habis, former Santander executive, as the new general manager and head of its consumer banking business. Habis brings with him 35 years of experience in finance and consumer banking, including work at Wells Fargo and MUFG Union Bank. At Synchrony, Habis will lead the banking division and focus on offering credit cards, savings, and retirement accounts through Synchrony Bank.
Synchrony has hired Pierre Habis, an experienced executive in finance and consumer banking, to lead its consumer banking business. Habis joins Synchrony Bank as the new general manager and head of consumer banking. He brings 35 years of experience in the industry, having previously worked at Wells Fargo and MUFG Union Bank. Habis spent nearly 12 years at MUFG Union Bank, where he founded and led the hybrid digital banking service, PurePoint Financial. The offering and parent bank were later acquired by US Bank in a multi-billion dollar deal. Synchrony is a financial services firm that operates a product comparison marketplace and offers a range of financing solutions, credit services, and pay later options. Habis will focus on leading Synchrony Bank, which provides services such as Mastercard-issued credit cards and savings and retirement accounts.
Key Takeaways:
- Synchrony appoints Pierre Habis as the new general manager and head of its consumer banking business.
- Habis brings 35 years of experience in finance and consumer banking to the role.
- He previously worked at Wells Fargo and MUFG Union Bank.
- At MUFG Union Bank, Habis founded and led the hybrid digital banking service, PurePoint Financial.
- Synchrony focuses on offering credit cards, savings, and retirement accounts through Synchrony Bank.
Overall, the article highlights Synchrony’s hiring of Pierre Habis as a significant move to strengthen its consumer banking business. Habis’ expertise and experience in the industry, particularly his success in establishing a digital banking offering at MUFG Union Bank, make him well-suited to lead Synchrony Bank. The article underscores the importance of banking know-how in navigating the increasingly digital and competitive financial services landscape. By positioning Habis as a key player in Synchrony’s growth strategy, the article emphasizes the company’s commitment to expanding its presence in consumer banking and delivering a range of financial services to its customers.
