Ben Navarro, B.S. (Finance), 1984
2016 Alumni Career Day Keynote Speaker
Keynote Address: Confessions of an Entrepreneur, Edwards Hall, 8:30 a.m.
Benjamin Navarro is the Founder (1997) and Chief Executive Officer of Sherman Financial Group, the nation’s largest privately held consumer finance company with over $2 Billion in revenue expected in 2016.
Sherman and its affiliates, with over 1500 employees, originate, purchase and service consumer debt in the United States, Canada, Mexico and the UK. Sherman’s business strategy is to leverage its intellectual capital, operational depth and financial resources to meet the needs of consumers who are underserved by traditional financial institutions. The Sherman portfolio of companies comprises Credit One Bank, Resurgent Capital Services and Kroll Bond Rating Agency. Credit One Bank, an OCC-regulated national bank, is the ninth largest MasterCard/VISA issuer in the country with over seven million customers. Resurgent Capital Services is the country’s largest purchaser and servicer of distressed consumer debt, totaling approximately $196 billion to date. Kroll Bond Rating Agency is the nation’s largest post-financial crisis rating agency firm.
Mr. Navarro is passionate about education and the belief that all children, regardless of where they live, deserve the opportunity to attend a great school. His primary philanthropic venture is Meeting Street Schools, a network of independent and public schools bringing educational opportunity to over 900 under-resourced students in South Carolina. Meeting Street is becoming a critical “proof point” of what is possible when a culture of excellence is paired with the appropriate resources.
Mr. Navarro was the Co-Head of Mortgage Sales and Trading for Citicorp (1988-1997), with responsibility for the firm’s purchases, securitizations and sales of residential mortgages to institutional clients. While at Citicorp, Mr. Navarro was consistently one of the top salespeople on Wall Street specializing in credit-sensitive assets. Mr. Navarro spent three years with Goldman Sachs, serving on the Whole Loan and Agency MBS desks. He started his career at Chemical Bank, where he completed the credit-training program and spent two years issuing loans to mortgage banks and thrifts. Mr. Navarro has a B.S. in Finance from the University of Rhode Island (1984).
The son of former college football coach Frank Navarro and one of eight children, Mr. Navarro and his wife Kelly have four children and reside in Charleston, SC.