Ali Rathod-Papier Joins Andreessen Horowitz as Partner and Compliance Officer

Sydney Times

— 2 min read
Ali Rathod-Papier Joins Andreessen Horowitz as Partner and Compliance Officer

Background:

  • Ali Rathod-Papier has recently stepped down from her role as global head of compliance at Brex to join venture firm Andreessen Horowitz as a partner and compliance officer.
  • She brings with her 2 ½ years of experience at Brex, where she served in various compliance roles, including head of financial crime compliance, before joining Andreessen Horowitz in May.

New Role:

  • In her new role at Andreessen Horowitz, Rathod-Papier oversees the firm's foreign expansion and policy efforts, supporting the government affairs team, managing financial crime and national security risk, as well as overseas operations.

Brex's Response:

  • Brex CFO Ben Gammell described Rathod-Papier's departure as "amicable" and praised her contributions to financial management and compliance, positioning the startup well for growth in its next chapter.
  • To cover for Rathod-Papier's departure, Bruce Wallace has taken on the role of interim head of compliance at Brex.

Recent Changes at Brex:

  • Doug Adamic has stepped down as Brex's chief revenue officer, with Garrett Marker taking over the role.
  • Marker, who previously served as vice president of global sales at Braze, now leads Brex's revenue operations.

Company Restructuring:

  • Brex has abandoned its co-CEO model, with co-founder Pedro Franceschi becoming the sole CEO and co-founder Henrique Dubugras assuming the position of chairman of the board.
  • The decision to move to a single CEO model was made to streamline decision-making processes and prepare for a potential IPO in 2025 or later.

Industry Developments:

  • Brex's hire of Ali Rathod-Papier from Brex comes at an interesting time for Andreessen Horowitz, following their investment in Synapse, a banking-as-a-service startup that filed for bankruptcy in April.
  • Despite the challenges faced by Synapse, Andreessen Horowitz continues to make high-profile fintech investments, including Wise, Affirm, Deel, and Greenlight.

Conclusion:

  • In conclusion, Ali Rathod-Papier's move to Andreessen Horowitz as a partner and compliance officer marks a significant transition in her career, bringing her expertise in compliance and financial crime to a new setting.
  • With the changes at Brex and the broader fintech landscape, the industry continues to evolve, with key players adjusting their strategies and leadership to navigate shifting market dynamics.

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