David has more than 25 years’ experience in the financial services industry. He has served in many senior roles including CFO and Board Director for both publicly held and private companies, and has extensive experience in several disciplines including advisory, operating and research. David is a thought leader in technology sector developments and their application to the broadening of the financial sector as well as in the areas of banking and finance, capital markets, and technology innovation. He is a sought-after advisor for technology companies and consults with The World Bank Group on financial inclusion and mobile technology. He is a published author for his work on “Mobile Financial Services in Disaster Relief: Modeling Sustainability,” published in the 2015 release of “Technologies for Development: What Is Essential.” David appears on media outlets including CNBC, Nightly Business Report, Business News Network and the Financial Times.
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David served as CFO and Board Director at Interclick, Inc., a behavioral targeting internet advertising network acquired by Yahoo, Inc. for $270 million in December 2011. From 2007 to 2011, Interclick revenues grew organically from $7mm to $150mm (115% compound annual growth). Away from corporate service, he is a thought leader in technology sector developments and their application to the broadening of the financial sector and is known for his quick on air analysis and commentary.
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A quote from David: “There is a new type of actively managed fund on the market, designed to provide better performance for investors. As exchange-traded products, they have built-in cost and tax efficiencies. Unlike conventional exchange-traded funds (ETFs), ETMFs protect the confidentiality of fund trading information and provide buyers and sellers of shares with transparency and control of their trading costs. They offer significant advantages over both mutual funds and ETFs as vehicles for active investment strategies.”
As a consultant with The World Bank Group, David has his finger on the pulse of technology and its impact on the world economy. In June 2014 David was asked to speak at the UNESCO conference on his paper on mobile money and disaster relief (agricultural insurance) that was published in June 2015 in “Technologies for Development: What is Essential?” (Springer Verlag). He has also presented the paper at The College of Economic and Management Sciences of the University of South Africa at the 5th International Conference on Financial Services held in Port Elizabeth, whose theme was: Leveraging Mobile Technology for Financial Inclusion.
A quote from David: “Mobile Financial Services (MFS) have provided marginal populations with access to basic financial services, including savings programs and insurance policies. Disaster relief response has been characterized by the use of MFS as a vehicle for charitable donations, both directly from diaspora populations as well as campaigns organized by traditional relief organizations.”