Goldman Sachs loses executive who secured Apple Card deal

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“Deal Man” Scott Younger is leaving Goldman Sachs, having helped win the Apple Card undertaking for the agency, its most profitable bank card launch ever.

In response to CNBC, chief industrial officer Scott Younger of Goldman Sachs’s client enterprise, is leaving to hitch the fintech startup, iCreditWorks. Reportedly know because the “deal man,” Younger labored with Omer Ismail and Lloyd Blankfein, on securing the Apple Card deal in 2018.

He joins iCreditWorks as a part of a workforce producing a degree of sale cellular app which goals to deal with private loans for customers within the well being business. The corporate was based three years in the past and founder Stephen Sweeney says he and companions have up to now invested $50 million within the enterprise.

“Once you’re making an attempt to construct a disruptive platform that has huge industrial attraction, you want an govt who has the chops to make these offers occur,” Sweeney instructed CNBC. “As chief industrial officer at Goldman, [Young] was on the nexus of all these transactions; sourcing, negotiating and securing offers.”

Apple Card in the end launched in 2019, and is taken into account successful. It stays US-only, nevertheless, three years after its launch and guarantees of worldwide releases.

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