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DriveWealth CEO Leaves for ICE, Replaced by Industry Veteran Hassan
ByAinvest
Wednesday, Aug 20, 2025 9:59 am ET1min read
DriveWealth CEO Michael Blaugrund is returning to Intercontinental Exchange Inc. after two years at the fintech platform. He will be succeeded by industry veteran Naureen Hassan, who has over 20 years of experience in the financial industry. Hassan previously worked at UBS, Morgan Stanley, and Charles Schwab, and will focus on accelerating DriveWealth's growth by offering a full suite of brokerage capabilities.
DriveWealth's CEO Michael Blaugrund is set to return to his former employer, Intercontinental Exchange Inc. (ICE), after two years at the fintech platform. Blaugrund will be succeeded by industry veteran Naureen Hassan, who brings over two decades of experience in the financial industry. Hassan previously held senior positions at UBS Group AG, Morgan Stanley, and Charles Schwab Corp.Blaugrund, who spent seven years in leadership roles at the New York Stock Exchange (NYSE) before joining DriveWealth as CEO in 2023, will rejoin ICE next month to work on strategic initiatives. Hassan, who left UBS last year after serving as president of its Americas unit, will focus on accelerating DriveWealth's growth by offering a full suite of brokerage capabilities.
DriveWealth, with approximately 340 employees, provides technology for brokers and registered investment advisers (RIAs) to execute and clear trades, as well as custodial services. The company operates in markets worldwide, including the US, UK, European Union, South Korea, Australia, New Zealand, and Brazil.
Hassan, who has previously been chief digital officer within Morgan Stanley’s wealth business and executive vice president at Charles Schwab Corp., will oversee the company's expansion. "Under Michael, DriveWealth has been growing very fast, and my goal is to continue to accelerate that," Hassan said in an interview. "We want to offer a full suite of brokerage capabilities."
ICE, which operates regulated futures exchanges and over-the-counter (OTC) markets for commodities and financial products, has seen significant growth in its US operations, accounting for 65.1% of its net sales.
References:
[1] https://www.bloomberg.com/news/articles/2025-08-20/drivewealth-ceo-blaugrund-departs-for-ice-succeeded-by-hassan
[2] https://www.marketscreener.com/news/intercontinental-exchange-says-us-treasury-clearing-plan-moves-forward-with-sec-publication-ce7c51dddb8eff2c
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