2 Mar, 2021

Goldman Sachs' asset management co-head to leave; MUFG hires managing directors

S&P Global Market Intelligence presents a daily roundup of management and board changes in the financial services and bank and thrift industries. This feature excludes key C-level leadership changes, which are covered separately, and stories previously covered by S&P Global Market Intelligence.

Banking

San Diego-based Bank of Southern California NA named Jeffery Hurtik executive vice president, chief information officer, a new position.

Hurtik most recently was executive vice president, chief information officer at La Jolla, Calif.-based Silvergate Bank.

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Mitsubishi UFJ Financial Group Inc. hired Todd Bondy and Ryan Munro as managing directors for its leveraged finance platform, effective in April.

Bondy will be the head of high-yield trading, while Munro will serve as the head of leveraged syndicate.

Munro most recently held a senior role at Goldman Sachs Group Inc.'s leveraged finance capital markets and syndicate group.

Bondy most recently was a senior high-yield trader at RBC Capital Markets.

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Birmingham, Ala.-based Oakworth Capital Bank appointed Ed Woodside and Tucker Herndon to its board in middle Tennessee.

Herndon is managing partner of the Nashville, Tenn., office of Burr & Forman, a law firm. Woodside was the chairman of First South Bank and served on the board of Simmons Bank.

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The Federal Reserve Bank of Richmond on Feb. 22 appointed Sunayna Tuteja as chief innovation officer, a new position.

Tuteja most recently was head of digital assets at TD Ameritrade Holding Corp.

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Edmonton, Alberta-based CWB Financial Group announced that Marie Delorme and Irfhan Rawji were nominated for election to the board of directors.

The vote will take place during the annual meeting, scheduled to take place April 1.

The board also announced that Ray Protti will retire from the board and will not seek reelection at the annual meeting.

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Current Origin Bancorp Inc. and Origin Bank board members Ronnie Myrick and George Snellings announced they will not seek reelection at the annual meeting of shareholders.

The departures were not the result of a disagreement with the company.

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Mt. Pleasant, Mich.-based Isabella Bank Corp. appointed Richard McGuirk and Chad Payton to its board and that of its unit, Isabella Bank, effective March 31.

McGuirk will serve as director until the parent company's annual meeting of shareholders this year, while Payton will serve until the annual meeting of shareholders in 2022.

Payton will serve on the parent company's audit, information technology, and finance committees, and McGuirk will serve on its loan and trust committees.

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Financial services

White Oak Commercial Finance LLC hired Robert Mocerino as senior vice president, managing director of staffing and government originations.

Mocerino most recently was managing director at Pearl River, N.Y.-based Sterling National Bank.

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Triton International Ltd. announced that David Coulter will retire from the board of directors at the expiration of his current term on April 27.

Coulter has been a director since 2015. The board has started a search for a new director.

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The board of Blucora Inc. voted on Feb. 26 to increase its size to 10 members from nine and appointed Tina Perry to fill the resulting vacancy, effective Feb. 27.

Perry, who is currently the president of OWN: Oprah Winfrey Network, will serve on the nominating and governance committee.

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Virtus Investment Partners Inc. announced on March 1 that Howard Morris was appointed to the company's board.

Morris, who is the president and chief investment officer of The Prairie & Tireman Group, will be a member of Virtus' audit committee.

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John Danaher, president of Consumer Interactive, notified TransUnion that he intends to retire from TransUnion effective February 2022. He will transition into an advisory role at the company starting on April 1.

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Eric Lane, co-head of Goldman Sachs Group Inc.'s asset management business, is leaving the company and joining Tiger Global Management LLC as president and COO, Pensions & Investments reported, citing an internal Goldman Sachs memo seen by Bloomberg.

Lane became a managing director at Goldman Sachs in 2001 and a partner in 2002.