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Point, the financial technology platform that allows homeowners to sell a fraction of their homes, has announced the addition of two key executive hires, as Ryan Randall, CFA, CAIA joins the company as head of capital markets and Matt Brady as the legal, regulatory and compliance counsel.
Point provides homeowners with a brand new finance solution and for the first time, investors can buy fractional interests in owner-occupied residential real estate through a digital platform. Randall will oversee the investor side of the business, introducing institutional and accredited investors to direct participation in the largest asset class in the world. Brady will oversee the company’s legal and regulatory function role, steering the rollout of Point’s solution to new states.
Randall (pictured right) joins Point with more than 20 years of experience in the financial services industry. Most recently he served as CFO at Upstart, a fintech lending platform, where he established the company’s capital markets function and helped attract $800 million of loan capital within 12 months of launching its loan product. Previously, Randall was an investment officer at Fairfax County Retirement Systems, and spent nine years with various Bay Area-based hedge funds, most recently with Passport Capital in San Francisco.
Brady (pictured left)is a recognized expert in consumer finance law, and on federal and state financial regulations impacting FinTech companies. Brady joins Point having held senior roles at Solar City, practiced law at Reed Smith and served as a Judicial Law Clerk to the Honorable Bernard Zimmerman, former federal magistrate judge of the Northern District of California. He has litigated financial services extensively in the appellate courts and has been instrumental in developing innovative approaches to complex consumer finance instruments.
“We are thrilled to have both Ryan Randall and Matt Brady bring their collective tech and financial industry expertise to Point,” said Eddie Lim, co-founder and Point’s CEO. “They will play a critical role moving forward as Point meets the national demand for a much needed alternative to debt-driven, traditional financing options.”