Cardinal Financial Corp. (CFNL) of McLean, Va., has promoted an executive at its banking unit to senior vice president and executive managing director of wealth services.

William T. "Bill" Mundy will oversee the business development strategies and execution of Cardinal's Wealth Services and Commercial Services Executive teams in his new role, the company announced Tuesday.

Mundy joined the $2.9 billion-asset company as managing director of Cardinal Wealth Services in 2010. He has 26 years of experience selling wealth management services at Wachovia and predecessors First Union and Signet.

"Bill is a proven industry leader who has successfully led many sales management initiatives during his distinguished career," regional vice president F. Kevin Reynolds said in a press release. "Since joining the Cardinal Wealth Services team, his market knowledge, experienced sales track record, and leadership have positively influenced our integrated sales strategy. Extending his management over the Commercial Services Executive Team will further enhance the effectiveness of our market teams."

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