Renato Derraik Biography and Net Worth

Chief Information and Digital Officer of Live Oak Bancshares

Renato Derraik is chief information and digital officer, leading the bank’s digital transformation efforts.

As head of information technology and digital applications, infrastructure, and architecture, Derraik is responsible for driving the strategy and execution of Live Oak’s technology and digital initiatives in full alignment with corporate business strategy. He will manage and lead a flexible, innovative, high-performance, cloud-first IT organization, playing a key role in enabling Live Oak’s competitiveness and growth.

He joins Live Oak after serving as chief digital officer at Ally Financial Inc., overseeing Ally’s digital innovation and transformation activities. His 25-year career includes driving large-scale digital, agile, and operating model transformations for Fortune 500 companies including Ally and Sprint, as well as being an expert partner at McKinsey where he served clients across the globe on technology and digital transformations for 15 years.

Derraik has an MBA from Kellogg Graduate School of Business at Northwestern University, a master’s degree in computer sciences from Catholic University of Rio de Janeiro and a bachelor’s degree in engineering from Federal University of Rio de Janeiro.

What is Renato Derraik's net worth?: The estimated net worth of Renato Derraik is at least $344,763.90 as of November 9th, 2023. Mr. Derraik owns 12,928 shares of Live Oak Bancshares stock worth more than $344,764 as of March 31st. This net worth approximation does not reflect any other assets that Mr. Derraik may own. Additionally, Mr. Derraik receives a salary of $642,970.00 as Chief Information and Digital Officer at Live Oak Bancshares. Learn More about Renato Derraik's net worth.
How old is Renato Derraik?: Mr. Derraik is currently 52 years old. There are 8 older executives and no younger executives at Live Oak Bancshares. The oldest executive at Live Oak Bancshares is Mr. James S. Mahan III, Chairman & CEO, who is 72 years old. Learn More on Renato Derraik's age.
What is Renato Derraik's salary?: As the Chief Information and Digital Officer of Live Oak Bancshares, Inc., Mr. Derraik earns $642,970.00 per year. There are 2 executives that earn more than Mr. Derraik. The highest earning executive at Live Oak Bancshares is Mr. James S. Mahan III, Chairman & CEO, who commands a salary of $905,490.00 per year. Learn More on Renato Derraik's salary.
How do I contact Renato Derraik?: The corporate mailing address for Mr. Derraik and other Live Oak Bancshares executives is 1741 TIBURON DRIVE, WILMINGTON NC, 28403. Live Oak Bancshares can also be reached via phone at (866) 518-0286. Learn More on Renato Derraik's contact information.
Has Renato Derraik been buying or selling shares of Live Oak Bancshares?: Renato Derraik has not been actively trading shares of Live Oak Bancshares during the last quarter. Most recently, Renato Derraik sold 20,000 shares of the business's stock in a transaction on Thursday, November 9th. The shares were sold at an average price of $29.56, for a transaction totalling $591,200.00. Following the completion of the sale, the insider now directly owns 12,928 shares of the company's stock, valued at $382,151.68. Learn More on Renato Derraik's trading history.
Who are Live Oak Bancshares' active insiders?: Live Oak Bancshares' insider roster includes Tonya Bradford (Director), William Cameron (Director), Micah Davis (Chief Marketing and Communications Officer), Renato Derraik (Chief Information and Digital Officer), Diane Glossman (Director), Susan Janson (Insider), William Losch, III (CFO), David Lucht (Director), Gregory Seward (General Counsel), Steve Smits (Insider), John Sutherland (CAO), Neil Underwood (President), and Willam Williams, III (EVP). Learn More on Live Oak Bancshares' active insiders.
Are insiders buying or selling shares of Live Oak Bancshares?: In the last twelve months, Live Oak Bancshares insiders bought shares 1 times. They purchased a total of 1,000 shares worth more than $39,760.00. In the last twelve months, insiders at the bank sold shares 3 times. They sold a total of 35,188 shares worth more than $1,570,334.00. The most recent insider tranaction occured on November, 13th when CAO John W Sutherland sold 12,588 shares worth more than $616,812.00. Insiders at Live Oak Bancshares own 23.9% of the company. Learn More about insider trades at Live Oak Bancshares.
Information on this page was last updated on 11/13/2024.

Renato Derraik Insider Trading History at Live Oak Bancshares

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction	Details
11/9/2023	Sell	20,000	$29.56	$591,200.00	12,928

Renato Derraik Buying and Selling Activity at Live Oak Bancshares

Live Oak Bancshares Company Overview

Live Oak Bancshares, Inc. operates as the bank holding company for Live Oak Banking Company that provides various banking products and services in the United States. It operates through two segments, Banking and Fintech. The company accepts various deposit products, including noninterest-bearing demand, as well as interest-bearing checking, money market, savings, and time deposits. It also offers commercial and industrial loans; construction and development loans; owner occupied and non-owner occupied collateral commercial real estate loans; and commercial land loans. In addition, the company provides settlement, accounting, and securitization services for government guaranteed loans; financing for renewable energy application industry; wealth and investment management services to high-net-worth individuals and families; and investment advisory services to a series of funds focused on providing venture capital to new and emerging financial technology companies. Live Oak Bancshares, Inc. was incorporated in 2008 and is headquartered in Wilmington, North Carolina.

Today's Range

Now: $26.67

$26.06

$26.84

50 Day Range

MA: $31.98

$26.55

$41.25

2 Week Range

Now: $26.67

$26.06

$50.57

Volume

348,038 shs

Average Volume

209,358 shs

Market Capitalization

$1.21 billion

P/E Ratio

18.39

Dividend Yield

0.44%

Beta

1.69

Renato Derraik Biography and Net Worth

What is Renato Derraik's net worth?

How old is Renato Derraik?

What is Renato Derraik's salary?

How do I contact Renato Derraik?

Has Renato Derraik been buying or selling shares of Live Oak Bancshares?

Who are Live Oak Bancshares' active insiders?

Are insiders buying or selling shares of Live Oak Bancshares?