Flutterwave Appoints Marshall Lux, Former Chief Risk Officer at JPMorgan Chase, as Senior Advisor

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  • Marshall brings 30 years of experience at BCG, JP Morgan Chase and Mckinsey.

  • Marshall’s expertise will be essential in helping Flutterwave continue to meet global risk management and compliance standards for merchants and partners as the business evolves.

  • Following its Series D financing in February 2022which valued the company at more than $3 billionFlutterwave continues to expand globally Africa moves to digital solutions for cross-border payments.

  • Marshall’s appointment as Senior Advisor follows other significant additions as the company continues to pursue its aspirations to grow across the globe.

SAN FRANCISCO, October 18, 2022 /PRNewswire/ — Flutterwave, africa leader in payment technologies, announced the appointment of Marshall Luxformer Chief Risk Officer of JP Morgan Chase for all consumer products, BCG and McKinsey Senior Partner, as Senior Advisor. He has extensive experience in model building, stress testing, portfolio management and optimization, line definition and augmentations, fraud, regulation, cybersecurity, operational risk, etc.

Marshall brings a wealth of experience spanning over 30 years in financial services. At McKinsey, he served financial services clients across various subsectors and led the firm’s risk, technology and private equity practices. After McKinsey, he served as chief risk officer for all consumer products globally at JP Morgan Chase, including mortgages, credit cards, student loans, auto loans and consumer loans. small enterprises. He also helped found McKinsey’s risk management practice.

Most recently, Marshall was a senior partner at the Boston Consulting Group (BCG) where he is currently an active senior consultant. He has worked on risk improvement programs for leading banks in the United States and around the world. He often sits or chairs the risk committees of the boards of directors on which he sits.

Marshall will advise on all Flutterwave activities, with a focus on global risk management, compliance, and security-related areas.

Commenting on the new appointment, Olugbenga GB Agboola, CEO and Founder of Flutterwave said:
“We are fortunate to have the opportunity to leverage Marshall’s decades of world-class experience with companies such as JP Morgan Chase, BCG and McKinsey. Strong risk management and compliance requirements have always been (and continue to be) our top priority as we scale the business.”

Commenting on his appointment, Marshall Lux said:
“I am delighted to advise Flutterwave. They are a clear winner and an important company in the African payments ecosystem. I look forward to working with the growing team, which is attracting world-class talent.”

Marshall sits on several private equity boards and advises companies ranging from consumer finance, wealth, insurance and cybersecurity. He graduated Summa Cum Laude from princeton university and earned an MBA from Harvard Business School where he was a Baker and Ford Fellow.

Marshall’s appointment follows other additions to Flutterwave’s leadership team, including Oneal Bhambani (Flutterwave’s CFO and former American Express executive) and Gurbhej Dhillon(Flutterwave CTO and former CEO of Goldman Sachs.)

About Flutterwave
Flutterwave is a payments technology company that enables businesses around the world to expand their operations into Africa and other emerging markets through a platform that enables cross-border transactions via a single API. Flutterwave has processed over 200M transactions worth more than USD $16B to date and serves more than 1,000,000 companies, including customers like Uber, Flywire, Booking.cometc The main advantage of the company is the processing of international payments in 150 currencies and several payment methods, including local and international cards, mobile wallets, bank transfers, barter by Flutterwave, etc. Flutterwave has infrastructure in over 34 African countries, including Nigeria, Uganda, Kenyaand South Africa. For more information on Flutterwave’s journey, please visit www.flutterwave.com.

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