Steven Freiberg has extensive experience in financial services across a career that has spanned almost 40 years. He is Chair of Rewards Network, a TowerBrook portfolio company.
Mr. Freiberg is the Board Vice Chair of SoFi, one of the largest public US based Fintechs. He also serves on the Boards of Regional Management, a public consumer finance company and Purchasing Power, an HR benefits platform. He is a Senior Advisor to the Boston Consulting Group and the Founder of Grand Vista Partners. Mr. Freiberg is a former Board Member of Mastercard, former Chair of Fairsquare, a near prime credit card company sold to Ally Financial in 2021, former Chair of Portage Fintech Acquisition Corp, a SPAC sold in 2022 and a former Board Member of Compass Digital Acquisition Corp, a SPAC sold in 2022. Mr. Freiberg is former Chair and CEO of Etrade, the online brokerage company. At Etrade over a three-year period he addressed a number of significant challenges that occurred prior to his 2010 arrival that were mainly a result of credit crisis related issues. The issues included chronic financial losses, balance sheet risk profile, regulatory transition and competitors unaffected by residual credit crisis issues. Under his leadership the company returned to profitability, the balance sheet risk profile was largely remediated, and the core franchise’s new customer and asset growth accelerated to rival the top competitor. Previously, Mr. Freiberg served as the Co-Chair and CEO of Citigroup’s Global Consumer Group having been with Citigroup for a period of 30 years and having held a number of senior positions. As Co-Chair and CEO of Citigroup’s Global Consumer Group, Mr. Freiberg was responsible for all business lines serving consumer and commercial customers. The franchise spanned 53 countries, 230 thousand employees, a $1 trillion managed balance sheet and $12 billion of after tax earnings. In addition, he spent a significant period of his career developing and leading investment and insurance efforts, serving as the Chair and CEO of Citi’s North American Investment Products Division. Finally, he served as a member of Citi’s Management, Operating and Executive Committees as well as a Board Member of Citi’s Foundation. Mr. Freiberg previously served as the Co-Chair of Habitat for Humanity’s NYC Council and the Board of Trustees for March of Dimes.