December 8, 2020 – SPMB, an executive search firm that helps find transformative executives throughout Silicon Valley, has assisted in the placement of Tom Van Horn as the first chief product officer of Magnifi, a TIFIN Group company and natural-language powered investment marketplace. Partner Jon Landau led the assignment.
“We are delighted to have Tom join Magnifi’s leadership team,” said Rick Hurwitz, CEO of Magnifi. “When top industry talent like Tom decides to come on board, it is a wonderful validation of our traction and potential. With Tom’s deep industry roots and track record of shaping successful products, we are well-positioned to enhance the Magnifi platform to best serve our clients.”
Mr. Van Horn brings almost 20 years of experience across different product, technology, and executive roles to Magnifi. He was most recently vice president of product management at Broadridge Financial where he led product growth, innovation and execution for Broadridge’s wealth management segment. In this role, Mr. Van Horn has built a track record of innovation and product execution across the largest North American wealth management firms and broker-dealers ranging from front to back-office wealth management solutions. Prior to that, Mr. Van Horn was SVP of operations with portfolio management company FinFolio and chief compliance officer/director of operations for a leading wealth management RIA firm in Denver, CO.
On-trend with tenured executives departing financial services and technology incumbents to lead innovative FinTech start-ups, Mr. Van Horn’s arrival at Magnifi coincides with high-velocity market adoption. As of Nov. 1, Magnifi’s retail and professional users influence over $320 billion in assets with over 150,000 users actively searching for investments on Magnifi. Founded by Vinay Nair, chairman of the TIFIN Group and a serial fintech entrepreneur, Magnifi launched early in 2020 and has since been featured on national broadcast and financial trade media. Andrew Ross Sorkin of CNBC Squawk Box called Magnifi “The Google for Investments: The start-up changing the way investors access investment ideas.” Magnifi is a TIFIN Group company. TIFIN is a fintech studio that starts and builds companies to better represent investors in investment management
In his new role with Magnifi, Mr. Van Horn will lead the evolution of Magnifi’s platform through its next stage of growth. “Magnifi is unlike anything I have seen in the wealth and asset management industry during my career in fintech,” he said. “With its foundational elements of patented natural language recognition and robust investment intelligence, the platform breaks down the opaqueness of investment products and makes them more accessible for individual and professional investors. I could not be more energized to engrain myself with such a talented group of professionals changing the investment marketplace as we know it.”
Veteran Search Consultants
SPMB has over 40 years of experience in technology executive search. It is a top-ranked search firm in Silicon Valley and one of the nation’s leaders focused on technology. The firm’s tech roots have attracted financial services and private equity firms looking to tap into innovative tech talent in Silicon Valley and beyond. SPMB clients in finance and fintech include Capital One, Coinbase, Credit Karma, Ripple Labs, Stripe and TransUnion. SPMB has also placed dozens of senior executives at the portfolio companies of leading private equity firm partners including Blackstone, KKR and TPG.
SPMB Recruits CEO for Shutterfly
The private equity sector is witnessing an explosive bidding war for top leaders as portfolio companies expand their needs for C-suite talent. SPMB, an executive search firm that helps find transformative executives throughout Silicon Valley, recently placed Hilary Schneider as the new CEO of Shutterfly, which was acquired earlier this year by private equity firm Apollo Global Management. She succeeds Ryan O’Hara, effective Jan. 15. Partner Becky Stein led the search.
“Hilary is an accomplished executive with significant digital industry expertise and a focus on innovation and superior customer experiences that will support Shutterfly’s next chapter,” said Reed Rayman of the Apollo private equity team and a member of Shutterfly’s board of directors. “We look forward to partnering with Hilary as well as the Shutterfly management team and employees to grow its three divisions and deliver the best products and services to consumers.”
Mr. Landau joined SPMB in 2013 to found the firm’s Rocky Mountains search practice and open the firm’s first office outside of California. Based in Boulder, CO, Mr. Landau and his team focus on a client base spanning Boulder, Denver, Salt Lake City, UT and Austin, TX.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media