Better Hires Ex-Goldman Partner Talwar With Eyes on Listing
- Harit Talwar appointed non-executive chairman of mortgage firm
- Better faced backlash over handling of recent staff cuts
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Embattled online mortgage lender Better is turning to a former Goldman Sachs Group Inc. consumer-banking veteran to help it pursue a public listing just as rising interest rates pressure the business already reeling from a slew of personnel missteps.
The company appointed Harit Talwar as non-executive chairman, according to an internal memo from Chief Executive Officer Vishal Garg seen by Bloomberg News. He starts effective immediately and will “provide strategic direction to achieve Better’s long-term goals,” according to the memo.