Axos Announces the Election of Sara Wardell-Smith as an Independent Member of the Board of Directors
November 29 2023 - 4:05PM
Business Wire
Axos Financial, Inc. (NYSE: AX) (“Axos” or the “Company”)
announces the election of Sara Wardell-Smith as an independent
director of the Board of Directors of the Company and the Board of
Directors of Axos Bank, effective December 1, 2023. Ms.
Wardell-Smith has extensive experience in wholesale banking, global
payments, fintech partnerships and board service.
“On Axos’ behalf, I would like to extend a warm welcome to
Sara,” said Paul Grinberg, Chairman of the Board of Directors.
“Sara’s leadership and expertise from her experience at global
leaders such as Visa and Wells Fargo will be highly additive as
Axos prepares for its next decade of growth.”
Ms. Wardell-Smith is the former head of Visa’s commercial
business across North America overseeing product, partnerships,
sales and platforms. While at Visa, she led financial institution
initiatives that modernized beyond cards into real-time payments,
cross-border payments, and new payment flows. Prior to Visa, Ms.
Wardell-Smith was an Executive Vice President at Wells Fargo and
served on the Management Committee. Ms. Wardell-Smith has served on
several boards, including the U.S. board of Revolut, one of the
world’s largest and fastest-growing fintech companies and
challenger banks, and the CLS Group, which operates the world’s
largest multi-currency cash settlement system designed for
financial institutions.
“I’m delighted to join a dynamic and diverse board,” stated Sara
Wardell-Smith, new director of Axos. “I look forward to working
with the board and senior management to continue the successful
Axos trajectory to becoming a diversified financial services
leader.”
About Axos Financial, Inc. and Subsidiaries
Axos Financial, Inc., with approximately $20.8 billion in
consolidated assets as of September 30, 2023, is the holding
company for Axos Bank, Axos Clearing LLC and Axos Invest, Inc. Axos
Bank provides consumer and business banking products nationwide
through its low-cost distribution channels and affinity partners.
Axos Clearing LLC (including its business division Axos Advisor
Services), with approximately $33.9 billion of assets under custody
and/or administration as of September 30, 2023, and Axos Invest,
Inc., provide comprehensive securities clearing services to
introducing broker-dealers and registered investment advisor
correspondents, and digital investment advisory services to retail
investors, respectively. Axos Financial, Inc.’s common stock is
listed on the NYSE under the symbol “AX” and is a component of the
Russell 2000® Index, the S&P SmallCap 600® Index, the KBW
Nasdaq Financial Technology Index, and the Travillian Tech-Forward
Bank Index. For more information on Axos Financial, Inc., please
visit http://investors.axosfinancial.com.
Forward-Looking Statements
This press release contains forward-looking statements that
involve risks and uncertainties, including without limitation
statements relating to Axos’ financial prospects and other
projections of its performance and asset quality, Axos’ deposit
balances and capital ratios, Axos’ ability to continue to grow
profitably and increase its business, Axos’ ability to continue to
diversify its lending and deposit franchises, the anticipated
timing and financial performance of other offerings, initiatives,
and acquisitions, expectations of the environment in which Axos
operates and projections of future performance. These
forward-looking statements are made on the basis of the views and
assumptions of management regarding future events and performance
as of the date of this press release. Actual results and the timing
of events could differ materially from those expressed or implied
in such forward-looking statements as a result of risks and
uncertainties, including without limitation Axos’ ability to
successfully integrate acquisitions and realize the anticipated
benefits of the transactions, changes in the interest rate
environment, monetary policy, inflation, government regulation,
general economic conditions, changes in the competitive
marketplace, conditions in the real estate markets in which we
operate, risks associated with credit quality, our ability to
attract and retain deposits and access other sources of liquidity,
and the outcome and effects of litigation and other factors beyond
our control. These and other risks and uncertainties detailed in
Axos’ periodic reports filed with the Securities and Exchange
Commission, including its Annual Report on Form 10-K for the fiscal
year ended June 30, 2023, could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of the date
of this press release. Axos undertakes no obligation to publicly
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise. All written
and oral forward-looking statements made in connection with this
press release, which are attributable to us or persons acting on
Axos’ behalf are expressly qualified in their entirety by the
foregoing information.
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version on businesswire.com: https://www.businesswire.com/news/home/20231129518905/en/
Johnny Lai, CFA SVP, Corporate Development and Investor
Relations Axos Financial, Inc. Phone: 1-858-649-2218 Email:
jlai@axosfinancial.com
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