NEW HAVEN, Conn.--(BUSINESS WIRE)--Higher One Holdings, Inc. (NYSE: ONE), a leader in providing financial services and data analytics to over 1,900 college and university campuses across the U.S., announced that it will nominate Michael Collins and Sheldon Goldfarb for election to its Board of Directors at the Company’s Annual Shareholder Meeting to be held on June 3, 2015.
Mr. Collins comes to Higher One with vast regulatory experience gained from a career that spanned more than thirty five years at the Federal Reserve Bank of Philadelphia, where he last held the position of Executive Vice President, until 2011. Since 2011, Mr. Collins has held executive management roles at TD Bank as well as the Advisors of the American Bankers Association’s Stonier National Graduate School of Banking.
Mr. Goldfarb was most recently the General Counsel of RBS Americas and a member of senior management at RBS in the U.S. Prior to that, Mr. Goldfarb was Managing Director and General Counsel of RBS Greenwich Capital. He has also held positions of Vice President and Deputy General Counsel of Goldman Sachs & Co. Mr. Goldfarb began his career in the Division of Enforcement of the Securities and Exchange Commission.
“We believe Mr. Collins’ experience at the Federal Reserve and Mr. Goldfarb’s career as General Counsel at financial institutions and his work at the SEC make them the right fit to provide Higher One with strategic direction in the areas of banking, securities regulation and risk management,” said Paul Biddelman, chairman of the Board of Directors of Higher One.
The company is nominating Mr. Collins and Mr. Goldfarb in the place of Board Members Miles Lasater and Patrick McFadden, who will not be standing for reelection.
Biddelman continued, “Miles and Pat have had significant roles in shaping Higher One. As one of the original founders of Higher One, Miles’ entrepreneurial outlook and drive fueled Higher One’s success for more than a decade. Pat has been a director since 2008, providing invaluable guidance as the chair of the Board’s audit committee from 2008 until earlier this year and in areas such as executive management and corporate governance. We are grateful for their lasting contributions to the business.”
About Higher One Holdings, Inc.
Higher One Holdings, Inc. (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 is a leader in higher education, supporting more than 1,900 schools and 13 million enrolled students. More information about Higher One can be found at www.higherone.com.
