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Banc of California Hires Ken McMullen as Executive Vice President and Treasurer

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Banc of California, a subsidiary of Banc of California, Inc. (NYSE: BANC), has appointed Ken McMullen as Executive Vice President and Treasurer. McMullen, reporting to CFO Joe Kauder, will oversee the bank's corporate treasury function, including the corporate investment portfolio, balance sheet, funding and capital strategies, and interest rate risk and liquidity management.

McMullen brings over 30 years of financial services experience, having previously served as Treasurer for BNP Paribas USA, Inc., Executive Vice President and Treasurer of Bank of the West, and most recently as Treasurer at Varo Bank. CEO Jared Wolff emphasized that this hire reflects the bank's ability to attract top talent as it continues to grow.

Banc of California, una sussidiaria di Banc of California, Inc. (NYSE: BANC), ha nominato Ken McMullen come Vicepresidente Esecutivo e Tesoriere. McMullen, che riporterà al CFO Joe Kauder, supervisionerà la funzione di tesoreria aziendale della banca, inclusi il portafoglio di investimenti aziendali, il bilancio, le strategie di finanziamento e capitale, e la gestione del rischio dei tassi d'interesse e della liquidità.

McMullen porta con sé oltre 30 anni di esperienza nei servizi finanziari, avendo precedentemente ricoperto il ruolo di Tesoriere per BNP Paribas USA, Inc., Vicepresidente Esecutivo e Tesoriere di Bank of the West, e più recentemente come Tesoriere di Varo Bank. Il CEO Jared Wolff ha enfatizzato che questa assunzione riflette la capacità della banca di attrarre talenti di alto livello man mano che continua a crescere.

Banc of California, una subsidiaria de Banc of California, Inc. (NYSE: BANC), ha nombrado a Ken McMullen como Vicepresidente Ejecutivo y Tesorero. McMullen, que reportará al CFO Joe Kauder, supervisará la función de tesorería corporativa del banco, incluyendo la cartera de inversiones corporativas, el balance, las estrategias de financiamiento y capital, y la gestión del riesgo de tasas de interés y liquidez.

McMullen aporta más de 30 años de experiencia en servicios financieros, habiendo servido previamente como Tesorero de BNP Paribas USA, Inc., Vicepresidente Ejecutivo y Tesorero de Bank of the West, y más recientemente como Tesorero en Varo Bank. El CEO Jared Wolff enfatizó que esta contratación refleja la capacidad del banco para atraer talento de primer nivel a medida que continúa creciendo.

캘리포니아 은행(Banc of California), 캘리포니아 은행 주식회사(Banc of California, Inc.)의 자회사(NYSE: BANC)는 켄 맥멀렌(Ken McMullen)을 부사장 겸 감사로 임명했다. 맥멀렌은 CFO인 조 카우더(Joe Kauder)에게 보고하며, 은행의 기업 재무 기능을 감독한다. 여기에는 기업 투자 포트폴리오, 대차대조표, 자금조달 및 자본 전략, 그리고 금리 위험 및 유동성 관리가 포함된다.

맥멀렌은 30년 이상의 금융 서비스 경력을 보유하고 있다. 그는 이전에 BNP 파리바(BNP Paribas USA, Inc.)의 감사로, 웨스트 은행(Bank of the West)의 부사장 겸 감사로, 그리고 최근에는 바로 은행(Varo Bank)에서 감사로 활동해왔다. CEO 자레드 울프(Jared Wolff)는 이번 채용이 은행이 성장하는 동안 최고 인재를 유치할 수 있는 능력을 반영한다고 강조했다.

Banc of California, une filiale de Banc of California, Inc. (NYSE: BANC), a nommé Ken McMullen au poste de Vice-Président Exécutif et Trésorier. McMullen, sous la direction du CFO Joe Kauder, supervisera la fonction de trésorerie de l'entreprise, y compris le portefeuille d'investissement de l'entreprise, le bilan, les stratégies de financement et de capital, ainsi que la gestion des risques liés aux taux d'intérêt et à la liquidité.

McMullen apporte plus de 30 ans d'expérience dans les services financiers, ayant précédemment occupé le poste de Trésorier de BNP Paribas USA, Inc., Vice-Président Exécutif et Trésorier de Bank of the West, et plus récemment Trésorier chez Varo Bank. Le PDG Jared Wolff a souligné que cette embauche reflète la capacité de la banque à attirer des talents de premier plan tout en continuant à croître.

Die Banc of California, eine Tochtergesellschaft der Banc of California, Inc. (NYSE: BANC), hat Ken McMullen zum Executive Vice President und Schatzmeister ernannt. McMullen, der an CFO Joe Kauder berichtet, wird die Unternehmensschatzbehörde der Bank leiten, einschließlich des Unternehmensinvestitionsportfolios, der Bilanz, der Finanzierungs- und Kapitalstrategien sowie des Risikomanagements von Zinssätzen und Liquidität.

McMullen bringt über 30 Jahre Erfahrung im Finanzdienstleistungssektor mit, da er zuvor als Schatzmeister bei BNP Paribas USA, Inc., Executive Vice President und Schatzmeister der Bank of the West und zuletzt als Schatzmeister bei Varo Bank tätig war. CEO Jared Wolff betonte, dass diese Einstellung die Fähigkeit der Bank widerspiegelt, hochkarätige Talente anzuziehen, während sie weiter wächst.

Positive
  • Appointment of an experienced executive with over 30 years in financial services
  • Strengthening of the treasury function with expertise from larger institutions
  • Continued ability to attract top talent, indicating strong company culture
Negative
  • None.

Bank continues to attract top talent and position itself for growth

LOS ANGELES--(BUSINESS WIRE)-- Banc of California, a wholly owned subsidiary of Banc of California, Inc. (NYSE: BANC), announced today that Ken McMullen has joined the company as Executive Vice President and Treasurer. He is a member of the Senior Management Committee and reports directly to Joe Kauder, Banc of California’s Chief Financial Officer.

McMullen oversees all aspects of the bank’s corporate treasury function, including oversight of its corporate investment portfolio. His treasury responsibilities include supervision of the bank’s balance sheet, development of funding and capital strategies, and management of interest rate risk and liquidity.

“Banc of California continues to be a destination for top talent,” said Jared Wolff, CEO of Banc of California. “As we continue to grow, we are attracting experienced professionals who are inspired by our culture and the opportunity to build a valuable franchise for the long term.”

McMullen has more than three decades of financial services experience. He was the Treasurer for the combined U.S. operations of BNP Paribas USA, Inc., where he created and led the bank’s combined treasury unit to support the retail bank, the broker-dealer unit, and the U.S. branch functions and strategy. McMullen implemented a continuous improvement program to ensure compliance with regulations, supervisory expectations and best practices in all facets of management. In addition, McMullen previously served as Executive Vice President and Treasurer of Bank of the West, which was acquired by BNP Paribas.

Most recently, after more than a decade at BNP Paribas, McMullen served as Treasurer at Varo Bank, the nation’s first fully digital bank. Earlier in his career, McMullen served in various roles at Washington Mutual Bank for more than a decade before joining Bank of the West.

“We are so pleased to have a seasoned professional like Ken join our team as Treasurer,” said Kauder. “His experience and leadership at a much larger institution will complement and enhance our outstanding Treasury team.”

About Banc of California, Inc.

Banc of California, Inc. (NYSE: BANC) is a bank holding company with over $35 billion in assets and the parent company of Banc of California. Banc of California is one of the nation’s premier relationship-based business banks, providing banking and treasury management services to small, middle-market and venture-backed businesses. Banc of California is the third-largest bank headquartered in California and offers a broad range of loan and deposit products and services through more than 80 full-service branches throughout California and in Denver, Colorado, and Durham, North Carolina, as well as through regional offices nationwide. The bank also provides full-stack payment processing solutions through its subsidiary, Deepstack Technologies, and serves the Community Association Management industry nationwide with its technology-forward platform, SmartStreet™. The bank is committed to its local communities by supporting organizations that provide financial literacy and job training, small business support, affordable housing, and more. For more information, please visit us at www.bancofcal.com.

Jennifer Saylors

Senior Vice President, Corporate Communications

Office: 213-338-8635

Jenn.Saylors@bancofcal.com

Source: Banc of California, Inc.

FAQ

Who is Ken McMullen and what is his new role at Banc of California (NYSE: BANC)?

Ken McMullen has been hired as Executive Vice President and Treasurer at Banc of California. He will oversee the bank's corporate treasury function, including the investment portfolio, balance sheet, funding strategies, and risk management.

What is Ken McMullen's professional background before joining Banc of California (NYSE: BANC)?

Ken McMullen has over 30 years of financial services experience. He previously served as Treasurer for BNP Paribas USA, Inc., Executive Vice President and Treasurer of Bank of the West, and most recently as Treasurer at Varo Bank.

How does Ken McMullen's appointment align with Banc of California's (NYSE: BANC) growth strategy?

CEO Jared Wolff stated that McMullen's appointment reflects Banc of California's ability to attract top talent as the bank continues to grow. This hire is part of their strategy to build a valuable franchise for the long term.

What specific responsibilities will Ken McMullen have in his new role at Banc of California (NYSE: BANC)?

As Executive Vice President and Treasurer, Ken McMullen will oversee the corporate investment portfolio, balance sheet management, development of funding and capital strategies, and management of interest rate risk and liquidity for Banc of California.

Banc of California, Inc.

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