Avant, a financial services company that provides digital banking services for customers in the US, has announced the promotion of Avant Bochenek to CEO. He has been the COO of the company since 2019.
The company provides a host of banking products for middle-income US customers which include deposits, credit and debit cards, personal loans, auto loans, etc. The focus of the company is on the middle-income group which it believes to be underserved by the major banks in the US and this focus has helped it to build a loyal client base.
Mr. Bochenek brings in over 20 years of experience in the financial services field and has been one of the earlier employees of the company. Due to his experience, he was able to play major roles during the tough years for the company, especially during the pandemic when the company needed a steady hand. It helped the company to reach out to customers in distress during the period and provide them with a strong and reliable response. He was also instrumental in doing the strategy work as part of the company’s acquisition of Zero Financial.
“Matt brings to the table a simultaneous strategic vision and unmatched understanding of our operations,” said Al Goldstein, co-founder and Executive Chairman of Avant. “This has been Matt’s path for a long time. He has shown tremendous leadership in the face of complex business decisions, and I’m looking forward to working with him and our entire executive team to guide us through Avant’s next phase.”
Mr. Bochenek would be replacing James Paris who has been the CEO of the company since 2020. He will now transition to a new role as Vice Chairman of Avant. He has been with Avant for over 6 years and has also been one of the key members in many of the strategic initiatives along with Mr. Bochenek.
“James’ depth of experience in capital markets and consumer lending has enabled the evolution of both Avant and Amount over the past six years,” said Goldstein. “James has provided strong leadership through corporate restructuring, mergers and acquisitions, and a global pandemic, all while driving growth and setting Avant up for long-term success. I am grateful for his contributions to date and look forward to having him by my side as a strategic voice that informs our long-term vision.”
With this change in leadership, the company would hope to use this golden period of digital banking and payments to push its services to even more consumers in the coming years.