FG New America Acquisition Corp. is a newly organized blank check company formed as a Delaware corporation for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
We believe there are many potential targets within the InsureTech, FinTech, broader financial services and insurance sectors that could become attractive public companies. We will seek to capitalize on the financial services experience and contacts of the members of our management team which is comprised of finance, technology and investment and merchant banking leaders with senior level, multi-national operational and transactional experience drawn from top global institutions.
Joe Moglia is our Chairman. As the former Chairman of the Board at TD Ameritrade and the former head football coach of Coastal Carolina University, Joe has one of the most "unique resumes in modern business," according to Forbes, and his tremendous success from the locker room to the board room provide invaluable lessons on strategic risk-taking and how to look at challenges with new perspective and leadership.
In 1984 Joe Moglia entered the MBA Training Program at Merrill Lynch. By 1988, he was Merrill Lynch’s Number One Producer in the World. Joe became the CEO of TD Ameritrade in 2001, and when he stepped down in 2008, shareholders had enjoyed a 500% return. Joe became Chairman of the Board at TD Ameritrade. Under Joe’s tenure, first as CEO and then as Chairman, TD Ameritrade was a leader in the consolidation of the online brokerage industry, making and integrating several billion-dollar acquisitions and culminating with the announcement of a deal with Charles Schwab.