Welcome Derek Higginbotham!

One of the things I’m proudest of at Klaros is the bench strength we’ve built with our outstanding senior advisor team. Today, I’m pleased to welcome Derek Higginbotham to that team.

Derek Higginbotham

Derek joins us from First Electronic Bank in Salt Lake City, where he spent the last five years as the bank’s CEO. With his addition, our senior advisor team now includes no less than four former CEOs of fintech partner banks - a tremendous resource to Klaros and Klaros clients alike as the banking-as-a-service sector continues to navigate a rich combination of business opportunities and regulatory challenges.

During Derek’s five-year tenure, First Electronic Bank grew from a $40 million bank to $420 million, offering dozens of lending products through bank-fintech joint ventures. Prior to FEB, Derek served as general counsel at an early-stage fintech platform, Applied Data Finance, advising the board of directors and management on legal matters regarding capital markets and financing, strategic partnerships and new initiatives, corporate governance, licensing, contract negotiation, and other regulatory and operational topics. Earlier in his career, he held law firm and in-house legal roles in various transactional areas, including structured finance, M&A, and securities.

If you have a problem that Derek might be able to help with, you can find him at derek@klaros.com. If there’s anything else Klaros might be able to help with, just drop a note to hello@klaros.com. I’ll make sure you get connected to the right member of our stellar team.