BBCN Bancorp in Los Angeles has added three directors, including a consultant well-versed in anti-money laundering regulation.
The $6.9 billion-asset company said in a press release Wednesday that Gary E. Peterson, Chuck Hong and Jinho Doo will join its board on Oct 31. Twelve of BBCN's directors will be independent.
Effort to expand the board over the last year are designed to provide a more-comprehensive mix of experiences to support BBCN's long-term objectives, Kevin Kim, the company's chairman and chief executive, said in a press release. Peterson adds risk mitigation and anti-money laundering expertise. Hong is the first director with technology expertise, and Doo adds investment advisory and management experience.
Peterson will serve on the risk and compliance committee and strategic and business planning committee. He founded IMAG Consulting Services, a regulatory compliance consulting and advisory firm, and held executive roles at HSBC North America and Midland Bank.
Hong will serve on the risk and compliance committee and the human resources and compensation committee. He is chairman and chief executive of Netlist, a cloud computing and intellectual property data storage company. His experience includes 15 years at LG Electronics.
Doo will serve on the audit committee and the asset/liability committee. He is the CEO of Key Capital Management, where he manages a hedge fund. He has also worked for JSD Investment Advisory Services in Los Angeles and Barclays Capital in Hong Kong.
BBCN has 49 branches in California, New York, New Jersey, Illinois, Washington and Virginia.