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Brex Hires Barclays Exec as First Chief Compliance Officer

Bessie LiuNews
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Fintech startup, Brex, has hired Frederick Reynolds as its first-ever Chief Compliance Officer. Image Credit: Postmodern Studio, Shutterstock.

Fintech startup, Brex, has hired Frederick Reynolds as its first ever Chief Compliance Officer. Reynolds will report to Chief Legal Officer Kathryn Biber, who has previously served as the General Counsel for Sen Mitt Romney's presidential campaign and as Senior Counsel at Airbnb.

Prior to joining Brex, Reynolds was the Managing Director, Global Head of Financial Crime, Employment and Competition Legal at Barclays. He has also served as a managing director for Bank of America and deputy director of the financial crimes enforcement network at the Department of the Treasury.

“Frederick has a sterling reputation, obvious domain expertise, and the operational prowess to helm the compliance team at a hyper-growth fintech,” Biber said. “It was evident early in the interview process that he was the right person for this critical role.”

The company headquartered in San Francisco was founded in January 2017 by two college dropouts who wanted to reinvent corporate credit cards. Since then, Brex has raised a total of $1.2B in funding, with its most recent Series D round led by Tiger Global Management raising $425M.

“I saw a lot of my peers at large institutions and banks trying to figure out what they’re going to do post-pandemic,” Reynolds said. “Brex in many ways was more productive going fully remote, so they’ve really embraced it.”

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