The payments company also hired brokerage industry veteran Rich Hagen, the report said https://statics.teams.cdn.office.net/evergreen-assets/safelinks/1/atp-safelinks.html. Hagen is the chief executive officer of Invest at PayPal (NASDAQ:PYPL), according his LinkedIn page.
Hagen is the co-founder and the former president of brokerage Ally Invest.
PayPal did not immediately respond to a Reuters request for comment.
PayPal’s shares rose as much as 4% to $290.41.