Ride-hailing company Uber announced Nelson J. Chai has been named Chief Financial Officer.

Chai brings more than a decade of experience in senior positions at some of the world’s leading publicly traded financial services and insurance companies. He joins Uber from the Chicago-based Warranty Group, an insurance and warranty provider, where he was CEO.

Previously, he spent more than five years at CIT Group, where he most recently served as President. Before that, he was Chief Financial Officer of Merrill Lynch & Co.; NYSE Euronext, the parent company of the New York Stock Exchange; and Archipelago Holdings, the first fully electronic stock exchange in the United States.

“I’m incredibly excited to bring on someone as experienced and thoughtful as Nelson,” said Dara Khosrowshahi, Uber CEO. “He will be a great partner for me and the entire management team as we move towards becoming a public company.”

“Uber is one of the world’s most iconic and exciting technology companies, and I’m honored to join as CFO,” Chai said. “I look forward to working closely with Dara and team as we build on the company’s strong growth and forward momentum.”

Chai serves on the boards of Thermo Fisher Scientific, the University of Pennsylvania School of Arts and Sciences and the U.S. Fund for UNICEF. He earned a B.S. in economics from the University of Pennsylvania and an MBA from the Harvard Business School.

Uber is targeting an initial public offering in 2019.