Financial Services >> CEO Interviews >> March 21, 2011
Gregory Garrabrants is President and Chief Executive Officer of BofI Federal Bank, a federally chartered savings institution with more than $2.2 billion of total assets. He has been President and CEO of BofI Federal since 2007. Before joining the company, Mr. Garrabrants was a Senior Vice President and the Head of Corporate Business Development at the nation's seventh-largest thrift. Before his senior executive roles at banking institutions, he served the financial services industry as an Investment Banker, Management Consultant and Attorney for more than 15 years. He was an Investment Banker at Goldman Sachs. Before Goldman Sachs, Mr. Garrabrants served as a Management Consultant at McKinsey & Company. Before McKinsey, he worked as an Attorney at Skadden, Arps, Slate, Meagher & Flom LLP and at Munger, Tolles & Olson LLP and clerked for the Honorable Steven V. Wilson of the United States District Court for the Central District of California. Mr. Garrabants began his career at Deloitte Consulting in the financial advisory services and litigation support practices. He earned a juris doctorate, magna cum laude, from the Northwestern University School of Law and an MBA, with the highest distinctions, from the Kellogg Graduate School of Management at Northwestern University. He has a B.S. in industrial and systems engineering and a minor in economics from the University of Southern California, where he graduated with high honors. He is a Chartered Financial Analyst and Member of the California Bar. Profile
TWST: Please give us a history and overview of the Bank of Internet USA and tell us about the genesis of the idea for a branchless bank.
Mr. Garrabrants: The bank was founded in 1999 during the
