Higher One Names New Chief Risk Officer

Mark Archer Brings More Than 35 Years Experience across All Functions of Risk Management

NEW HAVEN, Conn.--()--Higher One, a leader in providing financial services and data analytics to more than 1,900 colleges and universities across the U.S., today announced that Mark Archer has joined the organization as Chief Risk Officer. He will oversee Higher One’s strategy and operational processes for all risk-related activities and will report directly to the newly formed Risk and Compliance Committee of the Higher One Board of Directors.

Effective immediately, Archer will be responsible for the governance of significant risks across all functions of the business within Higher One. Specifically, he will be responsible for identifying regulatory, enterprise, operating, business and product risks and developing and executing appropriate mitigation strategies and controls.

“Mark’s strategic leadership and wide-ranging experience will help guide Higher One in successfully addressing risk-related challenges and opportunities,” said Marc Sheinbaum, CEO of Higher One. “We are excited to have him join the leadership team and help manage the complex challenges we face surrounding risk and regulatory compliance.”

Archer has extensive experience in a variety of leadership roles. Prior to joining Higher One, he served as Chief Operating Officer, Consumer Banking Risk at Standard Chartered Bank in Singapore where he was responsible for Risk operations across 43 countries. Previously, as Senior Vice President at Morgan Stanley/Discover, he oversaw collection operations, authorization risk and fraud strategy across a multi-billion dollar credit card portfolio. He spent more than 30 years at General Electric, most recently as Chief Risk Officer headquartered in Tokyo. He holds an MBA from Xavier University.

About Higher One

Higher One (NYSE: ONE) partners with colleges and universities to lower their administrative costs and to improve graduation rates. We provide a broad array of payment, refund disbursement and data analytics and management tools to institutions that help them save money and enhance institutional effectiveness. And for students, we offer financial literacy programs and convenient, flexible and affordable transaction options to help them manage their finances. Higher One’s products and services support more than 1,900 schools and approximately 13 million enrolled students. More information about Higher One can be found at www.higherone.com.

Contacts

Media:
Higher One
Lauren Perry, 203-776-7776 Ext. 4495
LPerry@HigherOne.com

Release Summary

Higher One Names New Chief Risk Officer; Mark Archer Brings More Than 35 Years Experience across All Functions of Risk Management

Contacts

Media:
Higher One
Lauren Perry, 203-776-7776 Ext. 4495
LPerry@HigherOne.com