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
New York-based Metropolitan Commercial Bank appointed Ram Puppala senior vice president and chief digital officer.
Before joining the bank, Puppala was senior vice president and chief technology officer at State Street Bank and Trust.
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Marc Berger, acting director of the Division of Enforcement at the U.S. Securities and Exchange Commission, will conclude his tenure this month, according to a Jan. 12 press release from the agency.
Berger joined the Commission as director of the New York Regional Office in December 2017 and was named deputy director of the Enforcement Division in August 2020.
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Miami Lakes, Fla.-based BankUnited Inc. named Kelly Taub executive vice president and director of credit review, effective Jan. 14.
Taub replaces Walter Shields, who retired.
Shields has been executive vice president and director of credit review since joining BankUnited in 2016.
Taub most recently was a senior director for Capital One NA in Charlotte, N.C.
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Pine Bluff, Ark.-based Simmons Bank tapped Shelly Arnold to direct and lead its private client group.
Arnold joined the bank from Commerce Bank Trust Co. in St. Louis, Mo., where she was senior vice president for private banking.
Arnold will oversee the existing teams in the Dallas-Fort Worth and Columbia, Mo., markets. She will also be responsible for building private client teams throughout the bank's seven-state footprint, starting with central Arkansas in early 2021.
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New York-based Citigroup Inc. reshuffled the leadership in its U.S. consumer bank, Reuters reported Jan. 12, citing a memo.
Gonzalo Luchetti, who led the consumer bank in Europe and Asia, will become U.S. consumer bank head effective in February, according to a memo signed by Global Consumer Bank Head Anand Selva.
Current Head of U.S. Retail Banking David Chubak and U.S. Retail Services Head Craig Vallorano will swap positions, effective May 1.
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Herbert Lurie resigned from the board of Seacoast Banking Corp. of Florida, effective Jan. 11.
Lurie was appointed to the board in 2016 and was a member of the strategy and innovation committee.
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Jennifer Lunden resigned from the boards of Monroeville, Pa.-based Standard AVB Financial Corp. and unit Monroeville, Pa.-based Standard Bank PaSB, effective Jan. 8, to serve on the board of another institution.
Lunden's resignation was not due to any disagreements with the company or the bank or any concerns relating to the operations, policies or practices of either, according to a Form 8-K filing.
Financial services
Crawford & Co. announced a new business line organizational structure, effective Jan. 1.
Andrew Bart will assume the new role of president of Loss Adjusting, International.
Pat Van Bakel will become president of Loss Adjusting, North America, in addition to his current role as president of Crawford Canada, and Mike Jones will lead the international TPA: Broadspire business as president.
Mike Hoberman assumes the role of president of TPA: Broadspire, North America, upon the retirement of Neil Lentine on Feb. 5, while Larry Thomas will lead the newly created Platform Solutions as its global president.
Additionally, Ken Tolson will become global president of the networks business unit within the Platform Solutions global service line, and Charlotte von Krogh will assume the role of president of Crawford Europe.
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Steven Kellner will retire from PGIM Fixed Income as head of corporates in April 2022.
Kellner will be succeeded by Terence Wheat and David Del Vecchio, who have been named co-heads to lead the U.S. investment grade corporate team.
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GWG Holdings Inc.'s board Jan. 6 appointed Jeffrey MacDowell as a Class II director. MacDowell was also appointed to the special committee of the board.
Class II directors will be elected or reelected at the company's annual stockholders' meeting to be held Feb. 24.
MacDowell is a partner at Hillstar Capital, a Texas-based private equity firm.
