Led by Senior Vice President and Managing Director Lynch Shea Wallon*, the Financial Venture Fund will make investments in innovative and emerging technology companies in the financial services industry to accelerate their commercial growth through the capital provided and generate attractive financial returns for Hearst.
Wallon was most recently consulting for R3 in its efforts to deliver blockchain technology to the financial services industry through research and development alongside its more than 50 global financial institution members.
Prior to that, he was managing director, Global Principal Investments at Bank of America, where he led the investment team that made direct equity investments in emerging financial services and technology companies that were strategic to the bank’s Global Banking and Markets businesses.
Wallon has also held a variety of leadership positions at companies including GE Capital and its private equity business, GE Equity, M.A. Schapiro & Co., Inc. and Bear, Stearns & Co. Inc.
He graduated magna cum laude from Union College with a bachelor’s degree in mathematics and earned his master’s from the Amos Tuck School at Dartmouth College.