Renato Derraik

Renato Derraik is chief information and digital officer, leading the bank’s digital transformation efforts.

As head of information technology and digital applications, infrastructure, and architecture, Derraik is responsible for driving the strategy and execution of Live Oak’s technology and digital initiatives in full alignment with corporate business strategy. He will manage and lead a flexible, innovative, high-performance, cloud-first IT organization, playing a key role in enabling Live Oak’s competitiveness and growth.

He joins Live Oak after serving as chief digital officer at Ally Financial Inc., overseeing Ally’s digital innovation and transformation activities. His 25-year career includes driving large-scale digital, agile, and operating model transformations for Fortune 500 companies including Ally and Sprint, as well as being an expert partner at McKinsey where he served clients across the globe on technology and digital transformations for 15 years.

Derraik has an MBA from Kellogg Graduate School of Business at Northwestern University, a master’s degree in computer sciences from Catholic University of Rio de Janeiro and a bachelor’s degree in engineering from Federal University of Rio de Janeiro.