Union Bankshares, Goldman Sachs and First Horizon: Bankers on the move

Several female bank executives were on the move during the past month, climbing the corporate and regulatory ladders to take larger roles, some of them with new employers.

Among them was a veteran executive previously named to American Banker's Women to Watch list. One executive came from outside the industry to bring a fresh perspective for the firm's digital banking unit. Another key promotion, at the Federal Reserve Bank of San Francisco, followed criticism over the lack of diversity at the top of the Fed’s regional banks.

Still, more can be done to increase diversity within the industry, according to top executives gathered at American Banker’s annual gala in New York to honor the accomplishments of women in the industry.

Following is a roundup of the latest notable hires and promotions:

Union Bankshares in Va. hires industry veteran as bank president
Maria Tedesco
Union Bankshares in Richmond, Va., named Maria Tedesco as its bank president starting Sept. 28.

Tedesco now leads the commercial, business and consumer banking and wealth management teams at Union Bank & Trust. The $13 billion-asset Union said she also oversees enterprisewide functions of marketing, digital strategy and customer experience.

Tedesco, 58, recently served as chief operating officer for retail at BMO Harris Bank in Chicago, where she was responsible for retail products, segments, customer experience, indirect auto, consumer and small-business lending, business banking strategy, channels and risk. Before that she was managing director of the retail bank at Santander Bank.

Tedesco has been included on American Banker's Women to Watch list.
San Francisco Fed names research head CEO
Federal Reserve Bank of San Francisco President and CEO Mary Daly
The Federal Reserve Bank of San Francisco promoted its research director, Mary Daly, to succeed John Williams as president and chief executive.

Daly, who started her new job Oct. 1, joined the bank in 1996 as a research economist and has since held a variety of positions, including associate director of research.

Williams left the San Francisco Fed earlier this year to head the Federal Reserve Bank of New York.

Daly is a member of the bank's executive committee, the governance body responsible for strategic oversight of the institution, and formerly chaired the bank's diversity council.

In addition, she has been executive chair of the Federal Reserve System’s research management committee, and is a past chair of the economic advisory group for the system’s compensation and benefits committee.

Daly has sat on the advisory boards of the Congressional Budget Office, the Social Security Administration, the Official of Rehabilitation Research and Training, the Institute of Medicine and the Library of Congress.
Goldman Sachs names Carey Halio head of its banking unit
Carey Halio
Goldman Sachs named Carey Halio, an 18-year veteran of the New York company, as CEO of its lending and deposit-taking division.

Halio, chief financial officer of Goldman Sachs Bank USA for the past four years, she previously worked in the company’s credit risk division. In her new role, she will report to Stephen Scherr, the current president of the banking unit, who was named chief financial officer.

As CEO of the $177 billion-asset bank, Halio will take a leading role in the company’s efforts to expand its deposit base, including by attracting deposits from retail customers.

Goldman’s online bank, which operates under the brand Marcus, has roughly $26 billion in deposits, according to the company.

Halio will also oversee the bank’s capital planning and regulatory affairs and chair of the banking division’s management committee.
Union Bank names Warner Bros. exec its digital chief
Initial Draft Union Bank picks Warner Bros VP to head digital banking
Julie Demarigny, a former vice president of direct-to-consumer and innovation program management for Warner Bros. Digital, has joined Union Bank in San Francisco as its head of digital banking.

Demarigny is based in the Union Bank office in Glendale, Calif., and reports to Pierre P. Habis, Union’s head of consumer banking.

Union Bank is part of the $2.7 trillion-asset Mitsubishi UFJ Financial Group in Tokyo.

For the past seven years at Warner Bros., Demarigny was responsible for the global development of consumer-facing digital activities across all divisions, as well as online and mobile strategy and business development. Before that, she was executive director of digital distribution for France and Southern Europe at Warner Bros. She was also vice president of digital business for Sony Music.

Demarigny is a guest lecturer at UCLA Anderson School of Business where she teaches digital marketing to MBA students. She also taught multimedia project management and digital marketing to graduate students at La Sorbonne University in France for 12 years.
New digital banking chief at First Horizon
Dawn Morris, chief digital banking and marketing officer of First Horizon National
First Horizon National in Memphis, Tenn., has recruited an executive from Webster Financial in Connecticut to oversee digital banking and marketing efforts across the company.

The $41 billion-asset First Horizon named Dawn Morris an executive vice president and chief digital banking and marketing officer. Morris' responsibilities include customer experience initiatives.

Morris was the executive vice president and chief marketing officer at Webster Financial in Waterbury, Conn., where she oversaw marketing and also built out Webster’s digital marketing function, First Horizon said.

Before joining Webster in 2014, Morris worked for RBS Citizens Financial Group in a number of retail and business banking positions. Before that, she worked in several business lines and marketing roles at RBC Bank in North Carolina.
FDIC veterans promoted to key leadership roles
Arleas Upton Kea serves as the FDIC's Deputy to the Chairman and Chief Operating Officer.
Two longtime employees of the Federal Deposit Insurance Corp. have been appointed to key leadership positions under Chairman Jelena McWilliams.

Arleas Upton Kea will serve as chief operating officer and deputy to the chairman, and Arthur Murton will serve as the deputy to the chairman for policy.

Kea joined the FDIC in 1985 and has been the director of the division of administration since 1999. She will succeed Barbara Ryan, who retired as COO in July, the FDIC said.

Murton, who joined the agency in 1986, most recently was special adviser to former FDIC Chairman Martin Gruenberg. Before that, he was director of the Office of Complex Financial Institutions, director of the insurance and research and financial economist.
BNY Mellon snags tech exec from Bank of America
Sabet Elias, chief technology officer, Bank of New York Mellon
Bank of New York Mellon has named Sabet Elias, formerly of Bank of America, to the newly created role of chief technology officer.

Elias was BofA's tech chief for sales and trading in its global banking and markets division. At BNY Mellon, he will report to Chief Information Officer Bridget Engle, who came over from Bank of America last year.

Elias joined BNY Mellon's technology executive committee and will be based in New York.

Before he joined Bank of America, Elias was the chief technology officer and global head of electronic trading infrastructure at Citigroup, and before that was the technology chief at Lehman Brothers. He started his career at AT&T Bell Labs.
Central Pacific in Hawaii taps director as next CEO
Central Pacific Financial CEO Paul Yonamine
Central Pacific Financial in Honolulu has named its new CEO and chairman.

Paul Yonamine, who started the job Oct. 1, will also chair the $5.7 billion-asset company's Central Pacific Bank unit.

Catherine Ngo, Central Pacific's current CEO, will remain president and CEO of the bank. John Dean, who is the company's chairman, will stay on the board.

Yonamine is executive chairman of GCA Corp., a large M&A advisory investment bank in Japan. He took GCA's nonexecutive chairman role on Oct. 1 as well. He once served as president and country general manager of IBM Japan.
Massachusetts bank to have first new CEO in two decades
Edward Doherty is StonehamBank's new CEO
StonehamBank in Massachusetts is set to have its first new CEO in nearly two decades.

The $600 million-asset bank said in a press release that Janice Houghton will retire on Nov. 9. Houghton, who is also the bank's president, has held the top posts since July 1999.

Edward Doherty, who joined StonehamBank in 2009, will succeed Houghton, who will remain the bank's chairman. Doherty has been the bank's chief sales and marketing officer since 2010.

Doherty has supervised the planning and implementation of the bank’s goals, policies and organizational objectives and activities. He has also managed the bank’s sales, marketing and human resource functions.
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