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American Business names board chairman, adds 2 to board

American Business Bank appointed Robert Usdan as board chairman, effective March 19.

Usdan, who has been a board member since 2011, will succeed Robert Schack, who will take on the newly created role of chairman emeritus.

In addition, the Los Angeles-based company added Pasy Wang and Javier Sanchez to its board, effective Feb. 1.

Pasy Wang is senior managing director of investments for the California Institute of Technology Investment Office and previously co-managed a portfolio of opportunistic hedge funds for Pacific Alternative Asset Management Co. LLC.

Javier Sanchez is co-owner, executive vice president and CFO of Jonathan Louis International Ltd., a fashion-forward furniture manufacturer.