DriveWealth hires Kyla Murphy, Lauren Veisz from Morgan Stanley

Rick Steves

“DriveWealth powers our global partners’ investing and trading applications through a combination of world-class technology and deep industry and regulatory knowledge. Kyla and Lauren each bring specialized expertise in their respective fields, strengthening DriveWealth’s ability to serve our partners globally and expand our platform at scale to meet their needs.”

DriveWealth has announced the appointment of Kyla Murphy as Chief Product Officer and Lauren Veisz as Head of Operations of the fintech firm providing Brokerage-as-a-Service.

Both executives are former Morgan Stanley leaders who bring specialized expertise and deep industry experience to the DriveWealth team.

In their respective roles, Murphy and Veisz will help to further expand DriveWealth’s footprint in global markets, develop deeper relationships with current and potential partners, and build out the company’s product roadmap.

“Kyla and Lauren each bring specialized expertise”

Michael Blaugrund, CEO of DriveWealth, said: “DriveWealth powers our global partners’ investing and trading applications through a combination of world-class technology and deep industry and regulatory knowledge. Kyla and Lauren each bring specialized expertise in their respective fields, strengthening DriveWealth’s ability to serve our partners globally and expand our platform at scale to meet their needs.”

Kyla Murphy joins DriveWealth after 17 years at Morgan Stanley, where she held multiple management roles and most recently served as a Managing Director and Head of Basel Implementation. Murphy brings two decades of experience as a financial services executive across finance, wealth management, banking, and technology-leading risk management infrastructure, global regulatory implementations, and business integrations.

Lauren Veisz also joins from Morgan Stanley, where she most recently served as Head of Business Architecture and Change for the bank’s Global Finance Division. She has held various leadership roles across the operations, technology, and finance divisions throughout her more than 20 years at Morgan Stanley, playing a pivotal role in executive regulatory change across the organization.

In addition to its patented fractional trading and Brokerage-as-a-Service API technologies, DriveWealth has a fully featured institutional trading capability that includes order routing, clearing, custody, stock loan, enhanced liquidity, and NYSE Floor execution.

DriveWealth powers the investing and trading experiences for digital wallets, broker-dealers, asset managers, and consumer brands. DriveWealth’s APIs provide our partners with a modern, extensible and flexible toolkit to develop everything from traditional investment workflows to more innovative techniques like rounding up purchases into fractional share ownership.

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