Notarize, the pioneer and market leader in Remote Online Notarization (RON), announced that Roger W. Ferguson Jr., the former TIAA CEO and President, has joined its board of directors.
Mr. Ferguson’s appointment comes on the heels of a year of unprecedented growth for Notarize. As COVID-19 accelerated the rapid digitization of industries and online commerce, the company increased revenue by 600% YoY and saw a remarkable increase in volume across all sectors it serves, including 800+% growth in real estate and 300+% growth in financial services. The company also announced a $130M Series D funding announcement in March to continue to scale and expand its platform to meet the demands of tomorrow’s economy.
“Amid the continued demand from consumers, SMBs, and Fortune 500 enterprises for Notarize’s product, Roger’s background as a proven leader in financial services, and his decades of experience in government policy gives him a unique perspective to contribute to the company’s next phase of growth,” said Pat Kinsel, founder and CEO of Notarize. “Roger’s deep knowledge about the industries we service and the challenges and opportunities in innovation and digital transformation makes him an invaluable addition to our team.”
Mr. Ferguson’s career spans more than four decades, including 13 years as CEO of TIAA. Previously, he was head of financial services for Swiss Re, where he also served as a chairman of Swiss Re America Holding Corporation and as a member of the executive committee. Before that, Mr. Ferguson was the Vice Chairman of the Board of Governors of the U.S. Federal Reserve System and represented them on several international policy groups and served on key Federal Reserve System committees, including Payment System Oversight, Reserve Bank Operations and Supervision and Regulation.
“The last 18 months have proven that there’s incredible market demand for the technology Notarize pioneered. Pat and the Notarize team created this category and firmly hold the market-leading position, and their technology has been validated at scale, even among the most sophisticated financial firms,” said Mr. Ferguson. “I’m excited about the present, but I am also excited about what the longer-term future holds for Notarize as they move beyond notarization and tackle the complexities of secure digital identity.”
Mr. Ferguson will continue to serve as a member of other boards, including Alphabet, Blend, General Mills, the Institute for Advanced Study and Memorial Sloan Kettering Cancer Center.