7 key big-bank executive moves in 2022

April 21, 2022 2:35 PM

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The Great Resignation continues to sweep across the country in an ongoing trend that has taken with it millions of disaffected employees.

But in the top echelons of the banking industry, the first quarter of 2022 has already seen several senior leaders advance their careers with high-level moves.

Here are seven significant changes at top organizations.

JPMorgan hires diversity chief from Wells Fargo

JPMorgan Chase announced in an internal memo at the end of March that the company has hired David Miree of Wells Fargo as global head of diversity, equity and inclusion, starting in May.

Miree, the former head of Wells Fargo’s consumer and small business diverse customer segments, will take over from Brian Lamb, who will be transitioning into a new role in the company’s commercial banking business.

In the position, Miree will report to Daniel Pinto, president and chief operating officer, with accountability to Robin Leopold, head of human resources, and will be based in New York City.

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JPMorgan hires diversity chief from Wells Fargo

Truist names new head of retail banking and marketing

Truist Financial recently announced that Dontá Wilson has taken on a new role in the firm as head of retail community banking and marketing. Formerly Truist’s chief digital and client experience officer, Wilson was named American Banker’s Digital Banker of the Year for 2021.

“He’s helped Truist combine our distinctive human touch with innovative technology to build a better client experience,” Truist chairman and CEO Bill Rogers said in a statement.

Wilson now assumes responsibility for Truist’s network of more than 2,100 branches, and will also run the firm’s mortgages, card services, retail payments, deposits products and marketing efforts.

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Truist names new head of retail banking and marketing

First Republic names insider as its next CEO

First Republic Bank promoted one of its own to CEO with the announcement in March that current president Mark Roffler would step up into the top position after 13 years with the company.

Since joining First Republic in 2009, Roffler has served as chief financial officer and president. Roffler “has a deep knowledge of our business model and is highly regarded by our stakeholders,” said acting chairman George Parker in a press release.

Roffler’s appointment opens the way for new stability at the bank following some uncertainty after the departure of both its founder and its former co-CEO.

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First Republic names insider as its next CEO

Citi says it will hire a new chief compliance officer

Citigroup Chief Compliance Officer Mary McNiff is moving to a new role within the firm later this year in a managerial change related to a 2020 Fed consent order stipulating that the firm’s general counsel must oversee compliance.

CEO Jane Fraser announced the change in an internal memo to Citi employees on March 4. McNiff, who has held the position since June 2020, now reports to Citi general counsel Brent McIntosh.

The search for McNiff’s replacement has commenced and will form part of a transition in which Citi’s risk management and internal control systems will be updated in line with two enforcement actions.

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Citi says it will hire new chief compliance officer

BNY Mellon hires treasury services CEO from JPMorgan Chase

BNY Mellon took steps to end the temporary leadership of its treasury services business by appointing Jennifer Barker of JPMorgan Chase in February to take over as CEO of the division, beginning on May 2.

A key part of Barker’s remit will focus on digital transformation at treasury services to reduce paper usage, while managing the division’s payments, U.S. dollar clearing, trade finance and cash management solutions.

Barker will replace Paul Adamo, who has been managing the business on a caretaker basis for several months after former CEO Paul Camp left for Wells Fargo. Adamo is expected to resume his former role as chief operating officer and chief financial officer for treasury services.

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BNY Mellon hires treasury services CEO from JPMorgan Chase

Russell Goldsmith on the end of his family’s long run in L.A. banking

Los Angeles “bank of the stars” City National said farewell to one of its stars, Russell Goldsmith, the grandson of one of the bank’s founders, on Jan. 31.

Dubbed the “bank of the stars” for providing the ransom money that helped save Frank Sinatra’s son in a 1963 kidnapping, City National has seen three generations of Goldsmiths help run the bank – grandfather Ben Maltz, father Bram Goldsmith, and for the last 23 years Russell Goldsmith, himself.

On his retirement, Goldsmith gave his thoughts on his time in the industry and what the future holds.

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Russell Goldsmith on the end of his family’s long run in L.A. banking

Wells Fargo taps longtime executive as its next chief risk officer

Twenty-four year Wells Fargo veteran Derek Flowers took over as the company’s new chief risk officer in January, replacing Amanda Norton, who will be staying to help with the transition through to her retirement in June.

With the San Francisco-based bank currently operating under several consent orders with regulators, Flowers will need all of his experience as former head of strategic execution and operations to help restore the reputation of the scandal-hit bank.

Flowers can count on the support of CEO Charlie Scharf, who views Flowers as a “proven leader” with the ability to manage the task of “building a risk and control foundation appropriate for Wells Fargo’s size and complexity.”

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Wells Fargo taps longtime executive as its next chief risk officer