The Bank Slate


BankMobile parent hires outsider as co-CEO

BM Technologies in Radnor, Pa., has hired an experienced banker to serve as co-CEO.


The parent company of BankMobile said in a press release that Raj Singh will share responsibilities with Luvleen Sidhu, who has been CEO. BM Technologies said that Singh, who is on its board, most recently served as vice chairman of investment banking at Raymond James.


Over his career, Singh managed more than 150 investment banking transactions, including M&A, debt and equity financing, balance sheet recapitalization, restructurings, financial opinions and valuations.


Singh “has been a valued partner for nearly three years, advising us from the start of our journey as an independent public company,” Sidhu said in the release. “His experience with corporate strategy, complex negotiations, mergers and acquisitions, finance and accounting, and capital markets brings both breadth and complementary skillsets to the senior leadership team.”


Singh will be responsible for helping boost revenue growth and implementing operating efficiencies.

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