FORT WORTH, Texas--(BUSINESS WIRE)--Elevate Credit, Inc. (“Elevate”), a leading tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, today announced the appointment of Denise Russell as Chief Risk Officer, effective immediately.
As Chief Risk Officer, Russell will oversee internal audit, regulatory compliance and enterprise risk management operations including risk identification and mitigation activities. She will work closely with the Elevate executive and legal teams to identify opportunities for enterprise risk reduction in support of the company’s strategic plan. Russell will lead a team of more than 15 compliance, audit and risk management professionals.
Russell brings almost 20 years of consumer finance and legal experience to Elevate. Prior to joining Elevate, she was the Senior Vice President, Executive Compliance Officer for Cash America International, Inc. In her tenure, Russell expanded the increasingly complex regulatory compliance frameworks for both online and storefront financial products and operations. Russell began her career as an attorney and practiced law in Fort Worth and San Antonio, Texas, where she represented businesses in labor and employment disputes and litigation. Russell graduated from the University of Texas at Austin with a B.A. in History and received her law degree, cum laude, from St. Mary’s University School of Law.
“This is an exciting time at Elevate, and as we enter new territory as a publicly traded company we must remain laser-focused on compliance and enterprise risk management in order to better and more responsibly serve our customers. With a proven track record and extensive experience in the field, we believe Denise is the right person to lead these efforts at Elevate now, and we are looking forward to having her onboard,” said Ken Rees, CEO of Elevate.
“I am delighted to join such a talented, innovative team who is passionate about the non-prime consumer and am looking forward to leading the company’s efforts to sharpen our focus on responsibly meeting the needs of our customers,” said Russell on her new role at Elevate.
Elevate (NYSE: ELVT) has originated $4 billion in non-prime credit to more than 1.6 million consumers to date. Its responsible, tech-enabled online credit solutions provide immediate relief to customers today and help them build a brighter financial future. The company is committed to rewarding borrowers’ good financial behavior with features like interest rates that can go down over time, free financial training and free credit monitoring. Elevate’s suite of groundbreaking credit products includes RISE, Elastic and Sunny. For more information, please visit http://www.elevate.com.