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Tuscan Holdings director resigns; Ocwen Financial names chief accounting officer

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.


F&A FCU appointed Michael Welch senior vice president and chief lending officer.

Welch most recently was senior vice president of lending at American First CU.


Bank of America Corp. named Keith Alves senior vice president and business banking market manager for Pittsburgh and western Pennsylvania.

Alves previously was with Wells Fargo & Co.'s business banking group as manager for its Pittsburgh operations.

Financial Services

Tuscan Holdings Corp. board member Michael Auerbach is resigning from his position.

Auerbach will also step down from each of the committees he served on.


Diebold Nixdorf Inc. named Zeeshan Naqvi vice president and treasurer for the company.

Naqvi most recently headed the global treasury team for Moody's Corp.


Ocwen Financial Corp. appointed Francois Grunenwald senior vice president and chief accounting officer, effective Aug. 12.

Grunenwald joins from PricewaterhouseCoopers LLP, where he was a partner.


Sun Life Financial Inc. unit SLC Management hired Timothy Boomer as head of client solutions, effective Aug. 12, Pensions&Investments reported.

Previously, Boomer was senior vice president at Income Research & Management.


Schroders PLC hired Deb Boyden and Anna Sayer as part of the expansion of its North American distribution platform.

Boyden, who will be head of U.S. defined contribution, comes from Lazard Asset Management LLC, where she was senior vice president of defined contributions and national accounts.

Sayer, who was a senior associate for advisory services at PIMCO Investments LLC, will undertake the role of sales director, wealth management solutions.


Alaris Royalty Corp. named Peter Grosskopf a director, effective Aug. 12.

Grosskopf is the CEO of Sprott Inc. and managing director of Sprott Resource Lending Corp.

The company also announced that Gary Patterson will resign from the board following the release of Alaris Royalty's third-quarter financial results in November.