Back/Macrina Kgil Appointed CFO at Figure, Previously Key Leader at OneMain Holdings
stocks·December 7, 2024·omf

Macrina Kgil Appointed CFO at Figure, Previously Key Leader at OneMain Holdings

ED
Editorial
Cashu Markets·3 min read
TL;DR
  • Macrina Kgil has been appointed CFO of Figure Technology Solutions, aiming to accelerate the company's growth.
  • Kgil's background includes pivotal roles at OneMain Holdings, enhancing her expertise in fintech and financial strategy.
  • Figure is restructuring to boost operational capabilities and solidify its position in the evolving financial services landscape.

Figure Technology Solutions Appoints Macrina Kgil as CFO to Accelerate Growth

Figure Technology Solutions, a fintech company focused on transforming the financial marketplace, announces the appointment of Macrina Kgil as its Chief Financial Officer. This strategic move comes at a time when the company is experiencing remarkable growth, having achieved over $1.5 billion in quarterly originations and an impressive 80% year-over-year revenue increase. Michael Tannenbaum, CEO of Figure, commends Kgil’s extensive experience in public markets and her proven track record in finance, making her an ideal fit to further drive the company's growth momentum. Her leadership is expected to reinforce investor confidence and enhance the operational efficiency of Figure’s diverse financial product offerings.

Kgil brings a wealth of expertise from her previous roles, particularly at OneMain Holdings, where she played a pivotal role in the company's acquisition from Citigroup and oversaw its successful IPO. Her extensive background in the fintech and blockchain sectors positions her well to navigate the complexities of the evolving financial landscape. As Figure aims to expand its innovative lending marketplace, Figure Connect, Kgil's experience will be instrumental in optimizing the company’s financial strategy. She holds an engineering degree from Seoul National University and is a founding member of the F Suite, a community of leading CFOs that focuses on collaboration among financial executives.

The appointment of Kgil comes on the heels of Figure’s recent restructuring following its spin-off from Figure Markets Holdings, which also included the appointment of Ron Chillemi as Chief Legal Officer. This restructuring is part of Figure's broader strategy to enhance its operational capabilities while maintaining a strong focus on innovation. Founded in 2018, Figure has rapidly established itself as a leader in the fintech space, particularly with its subsidiary Figure Lending LLC, which stands out as the largest non-bank provider of home equity lines of credit. With Kgil at the financial helm, Figure is poised to capitalize on its current growth trajectory and solidify its position as a transformative force in the financial services industry.

In addition to her role at Figure, Kgil's previous leadership experiences, including her tenure at Flow, highlight her versatility and capacity to drive financial growth in diverse environments. The fintech sector continues to evolve, and Figure’s emphasis on efficiency and transparency positions it favorably amidst increasing competition. Kgil’s appointment is a significant step in ensuring that Figure not only meets but exceeds the expectations of its partners and clients as it looks to the future.