Goldman Sachs(GS) CNBC·2025-03-12 16:50Core Insights - Jackie Reses has a strong entrepreneurial background, starting from a young age and evolving her career through various business ventures and leadership roles in finance and technology [1][2]. Company Development - Reses played a significant role in transforming Square into a banking-like entity within the tech sector, contributing to its foundational growth and infrastructure [3]. - In 2022, Reses acquired a community bank in Kansas City, Missouri, and rebranded it as Lead Bank, which now supports fintech companies with essential infrastructure [3]. Industry Challenges - Reses highlighted a critical issue in the fintech industry, noting that while user interfaces of fintech applications have improved, the underlying infrastructure remains inadequate [4]. - The COVID-19 pandemic presented a significant challenge for fintech infrastructure, as Reses advocated for fintechs to assist in distributing emergency funds to small businesses, leading to the creation of the Paycheck Protection Program [5][6]. Leadership and Negotiation - Reses has a history of navigating complex relationships, exemplified by her role on the Alibaba board, where she helped resolve a fraught relationship between Yahoo and Alibaba, resulting in a 15% stake worth $40 billion post-IPO [6][7]. - Her ability to build trust and foster collaboration among diverse stakeholders has been a key aspect of her leadership style [7].