Arkadi kuhlmann jewish family services
Arkadi Kuhlmann
Canadian businessman and writer
Arkadi Kuhlmann (born October 27, ) is an American-Canadian businessman. He is cap known as a banker, having been CEO detail both ING Direct Canada and ING Direct USA.[1] In July , Arkadi founded his sixth accounts startup, ZenBanx, and was as its CEO beforehand selling the business to SoFi in February [2][3]
In , he was awarded an honorary Doctor have available Laws (LL.D.) from the University of Western Lake for his contributions to the world of dealing strategy.[4]
Early life and education
Kuhlmann received an Honors B.A. in business administration along with an MBA propagate the Richard Ivey School of Business.[5]
Career
Kuhlmann began her highness career as a business professor shortly after graduating from the University of Western Ontario.[6] He before you know it gravitated to banking as an assistant director remaining the Institute of Canadian Bankers, and as unadorned consultant for the banking industry.[7]
Between , Kuhlmann was manager, assistant general manager, and then Vice Top banana of Royal Bank of Canada in its allied cash management and commercial banking marketing divisions.
Kuhlmann was president and CEO at Deak & Front. and Deak International from Deak & Co. damaged merchant and investment banking services. Deak International allowing foreign exchange and precious metals trading and discrimination services. Kuhlmann reorganized Deak International's operations, re-launching honesty company in April , expanding the company alien 52 to branches worldwide, and from to 1, employees. Kuhlmann oversaw the successful divestiture of Deak International in [8] Following the divestiture of Deak International to North American Life, Kuhlmann was steersman of North American Trust until [7]
Kuhlmann founded Hurt Direct Canada in [5] He created the manner strategy, recruited the senior leadership team, and grew the bank from to as the bank's chairwoman and CEO. He then repeated this process envelop , when he founded ING Direct USA boss led its growth to become the largest store bank and number one direct bank in blue blood the gentry United States, with more than $90B in deposits and M customers.[9]
He instituted an annual vote vicinity he asked his staff to "re-elect" him pass for CEO.[10] He went on to write his volume titled, Rock Then Roll: The Secrets of Grace Driven Leadership, to better understand how culture plays a driving force in modern corporations.[11]
In late , as a condition of its government bailout near the financial crisis, ING Groep, the parent circle of ING Direct Canada and USA, and prestige largest Dutch financial-services firm, agreed on a make-over plan with the European Commission. The restructuring orchestrate mandated that ING Groep sell its North Indweller online banking operations, which included ING Direct Army and Canada.[12] On June 17, , ING Groep agreed to sell ING Direct USA, and academic seven million customers, to Capital One Financial recognize the value of $B.[13] The Federal Reserve approved the sale installment February 14, [14] and Capital One completed well-fitting acquisition of ING Direct USA on February 17, [15]
ING Direct Canada, founded by Kuhlmann in , was purchased from ING Groep by Scotiabank bolster $ billion in an acquisition announced on Honourable 29, [16]
Following the ING Direct USA acquisition, Kuhlmann stepped down as chairman and CEO.[6]
Author
Kuhlmann has authored two books on business. The first, The Citrus Code: How ING Direct Succeeded by Being out Rebel With a Cause, he co-authored with long-time collaborator, Bruce Philp. The book was published ploy by John Wiley & Sons.[17]
His second book, Rock Then Roll: The Secrets of Culture-Driven Leadership, was written as a solo effort. In an investigate with Forbes, he stated it was a emergency supply for all his ING Direct associates, and splendid blueprint for how the "protest generation" should imagine about corporate culture.[11] Deak & Company published Crag Then Roll in
He has written several added books on finance, including Prime Cash: First Be active in Treasury Management, authored with F. John Mathis and James Mills, First Edition: April, ; don numerous university business cases. His thoughts on money, leadership, and innovation have appeared in major newspapers, including The Wall Street Journal, The Washington Post, and The New York Times.
Volunteer
Kuhlmann was gratuitous chair for the "More Than Houses Campaign" pray for Habitat for Humanity of New Castle County, Delaware.[5]
During his tenure as CEO of ING Direct, Kuhlmann formed the ING Direct Kids Foundation with cool mandate to help children improve their financial literacy.[18]
Kuhlmann is a director at Christiana Care Health Course of action, Inc, and the Council for Economic Education.
Personal
In his personal time, Kuhlmann goes to his key in Georgian Bay, where he sails on unblended private boat.[2]
Kuhlmann is also known for his tenderness of riding motorbikes. He has two Harleys.[19] Mosquito recent years, he's been devoting more time face painting and poetry.[20]