Fintech platform Figure Technology Solutions instated its very first Chief Legal Officer this week.
Regulatory and compliance authority Ronald Chillemi was appointed CLO and Corporate Secretary, to lead the company’s legal and compliance functions.
Chillemi brings more to Figure than 25 years of experience in regulatory affairs, government relations, and compliance at top fintech and law firms, and as a federal and state prosecutor. Previously, he served as General Counsel at Aven, which offers secured lending products, and as Deputy General Counsel at Better, a mortgage lender. Chillemi also practiced as Deputy General Counsel and Senior Vice President at Fanatics and as a partner at Robins Kaplan LLP.
“We are thrilled to welcome Ron to our executive team,” said Figure CEO Michael Tannenbaum. “Throughout his career, Ron has built an exceptional track record, overseeing robust legal and compliance functions and helping to shape important state and federal legislative frameworks. In just a few years, Figure has become the number one non-bank HELOC provider, largely because the capital markets and regulators are supportive of our modern approach. Having a CLO of Ron’s caliber will be invaluable to Figure as we enter our most ambitious chapter yet.”
Earlier in his career Chillemi served as an Assistant United States Attorney for the Department of Justice, a Division Director for the Attorney General of New Jersey, and as an Assistant District Attorney in his hometown of Philadelphia, PA. He won awards for his work at each level. Chillemi holds a bachelor’s degree from the University of Pennsylvania, a master’s degree from the London School of Economics & Political Science, and a juris doctor from Cornell Law School.
“I’m excited to join Figure because I’ve been impressed by the company on multiple levels - from the exceptional Board and management team, to the technology that’s fueled its growth as the nation’s largest HELOC origination platform, to its capital markets prowess, to its innovative plans regarding the infrastructure of lending,” Chillemi said. “I look forward to working with our team, partners, investors, regulators and all stakeholders to build upon the company’s strong foundation and help take its capital markets ecosystem to new heights.”
