Jolick, Former World Bank President, Joins Robinhood Board of Directors

Robert Zoellick [Photo by EPA Yonhap News]

[Asia Economy Reporter Byunghee Park] Former World Bank (WB) President Robert Zoellick has joined the board of directors of the U.S. online brokerage Robinhood.

The Wall Street Journal (WSJ) reported on the 1st (local time) that Robinhood has appointed three new directors, including former World Bank President Robert Zoellick. Robinhood is currently pursuing an initial public offering (IPO).

Former President Zoellick served as the U.S. Trade Representative (USTR) during the George W. Bush administration in the early 2000s and was President of the World Bank from 2007 to 2012.

Alongside Zoellick, John Rubinstein, a former Apple engineer and former CEO of hedge fund Bridgewater Associates, and Paula Loop, a female partner at global consulting firm PricewaterhouseCoopers (PwC), were appointed as new directors on the same day.

Until now, Robinhood's board consisted of only four members: two co-founders and two representatives from venture capital investment firms.

WSJ evaluated that Robinhood has further strengthened its foundation for the IPO through this board appointment. Robinhood submitted its listing application to the U.S. Securities and Exchange Commission (SEC) last March.

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