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Regions names market chief for Charlotte, NC; Independent Bank director resigns

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Regions names market chief for Charlotte, NC; Independent Bank director resigns

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 C-level leadership changes and stories previously covered by S&P Global Market Intelligence.

Banking

Birmingham, Ala.-based Regions Financial Corp. named Tim Monte market executive for Charlotte, N.C., Charlotte Business Journal reported.

Monte will retain his current role as head of credit products.

The company also named Joel Stephens head of capital markets. Previously, Stephens was head of real estate capital markets.

Monte and Stephens are replacing Terry Katon, who will leave the company at the end of the year for personal reasons, the news outlet reported.

Katon will work with Stephens through the remainder of 2019 to help with the transition.

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Larry Lawson retired from Abbeville, S.C.-based Abbeville First Bank's board, effective May 1.

The board approved the appointment of Anne Hempy to fulfill Lawson's remaining term.

Hempy is an attorney with Hite and Stone LLC.

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Irvine, Calif.-based Opus Bank appointed G Malpass Durkee to the company's board, effective May 17.

Durkee was also appointed a member of the risk oversight committee. He replaces Mark Cicirelli, who concurrently resigned from Opus' board, effective May 17.

Durkee is a strategic adviser to financial services companies, fintechs and institutional investors.

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Paul Taylor resigned as a director of McKinney, Texas-based Independent Bank Group Inc. on May 13.

Taylor informed the company that he would not stand for reelection as a director at the company's annual meeting because of his commitments relating to his role as CEO and a director of a financial services company that does not have any banking operations in Colorado.

Financial Services

Boston-based Eaton Vance Corp.'s unit Eaton Vance Management announced that Michael Weilheimer will retire, effective Jan. 1, 2020.

Stephen Concannon and Jeffrey Mueller will succeed Weilheimer as co-directors of high-yield investments.

Weilheimer has been director of high-yield investments at Eaton Vance Management for the past 24 years. He will continue to lead the group's investment strategy and retain his portfolio management responsibilities until retiring.

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CME Group Inc. appointed Trey Berre global head of data services.

Berre will oversee CME Group's portfolio of historical, real-time and derived data products and services.

Berre has led the company's derived data licensing and partner services business since January 2018.

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Kurt Schmoke will not stand for reelection as a Legg Mason Inc. board member at the 2019 annual shareholder meeting and has notified the company about his decision.

Schmoke joined the company's board in 2002.

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GWG Holdings Inc. increased the maximum number of board directors to 15 from 13 and the actual number of directors to 14 from 11 on May 13.

The board then appointed Kathleen Mason as a class I director, Dennis Lockhart as a class II director and David Chaveson as a class III director.

Mason's initial term as director will expire in 2019, Lockhart's in 2020 and Chaveson's in 2021.