Rohit Bodas, a partner at corporate venturing arm American Express Ventures, left last month to take the same role at US-based venture capital firm Propel Venture Partners.
The winner of a Global Corporate Venturing Rising Stars award in 2016, Bodas joined the unit, a subsidiary of payment services firm American Express, in 2012 under the leadership of Harshul Sanghi.
Bodas had previously helped to launch corporate venturing unit Hartford Ventures for US-based insurer Hartford, and held a number of innovation and engineering roles at communications technology provider Motorola from 1999.
Bodas switched to venture investing over his final two years at the company, from 2007 to 2009.
Propel has been one of the most successful fintech-focused VC firms, after Spain-based financial services firm BBVA increased the size of its specialist financial technology fund run by Propel from $100m to $250m in 2016.
San Francisco-based Propel is run by Jay Reinemann and Tom Whiteaker, formerly executive directors of BBVA Ventures, the $100m fintech fund BBVA formed in 2013, and Ryan Gilbert, the co-founder and ex-CEO of online small business lender Better Finance.