BOK Financial names new managing director of loan syndications

Rhea-AI Summary

BOK Financial (NASDAQ: BOKF) announced the appointment of Kaushik Ponnusamy as the new managing director of loan syndications, succeeding Evans Swann, who is retiring. Ponnusamy, who joined BOK in 2017, is noted for his significant contributions to the company’s syndication efforts, particularly in commercial real estate. He has arranged billions in loan financings and aims to enhance the firm’s capital markets capabilities. BOK Financial, a $47 billion financial services entity, operates banking divisions across eight states and has more than $90 billion in assets under management.

Positive

• Appointment of Kaushik Ponnusamy as managing director indicates strategic leadership continuity in loan syndications.
• Ponnusamy's extensive experience and contributions may further strengthen BOK Financial's syndication efforts and capital markets capabilities.
• BOK Financial ranked 10th in CRE bookrunning with over $550 million in transactional volume in 2020, showcasing a strong market position.

Negative

• None.

TULSA, Okla., Feb. 22, 2021 (GLOBE NEWSWIRE) -- BOK Financial (NASDAQ: BOKF) announced today that Kaushik Ponnusamy has been named the successor to retiring Evans Swann and will assume the role of managing director of loan syndications for the organization. Ponnusamy will lead the firm’s existing team of high-quality syndicators and oversee multi-bank marketing efforts across the company from the organization’s office in Dallas.

“Kaushik is acutely aligned with the BOK Financial vision of syndications,” said Scott Andrews, senior vice president and chief operating officer for the Commercial Division. “Since joining BOK Financial, Kaushik’s contributions to our syndication effort have been remarkable. I have full confidence in his ability to further our relationship-driven approach, reinforcing the team’s role as a value-added partner in the strategy and execution of multi-bank credit facilities.”

Ponnusamy brings significant expertise to the role, with extensive experience syndicating loans across all disciplines of commercial lending, arranging billions of dollars in bank loan financings. He joined BOK Financial in 2017 and was instrumental in growing the firm’s syndications efforts within the Commercial Real Estate line of business. In 2020 BOK Financial was ranked the number 10 CRE bookrunner by number of deals, placing more than $550 million in CRE transactional volume (source: REFINITIV, 2021). Ponnusamy will continue to structure, originate, and distribute multi-bank transactions across all industries, and further develop BOK Financial’s capital markets capabilities.

Prior to his time with BOK Financial, Ponnusamy spent nearly a decade with regional bank syndications desks and understands the uniqueness and opportunities associated with syndicated finance in the middle market space. He earned a Bachelor of Science in Finance from the University of Illinois at Urbana-Champaign, College of Business.

About BOK Financial Corporation
BOK Financial Corporation is a $47 billion regional financial services company headquartered in Tulsa, Oklahoma with more than $90 billion in assets under management and administration. The company's stock is publicly traded on NASDAQ under the Global Select market listings (BOKF). BOK Financial Corporation's holdings include BOKF, NA; BOK Financial Securities, Inc., BOK Financial Private Wealth, and BOK Financial Insurance, Inc. BOKF, NA operates TransFund, Cavanal Hill Investment Management and BOK Financial Asset Management, Inc. BOKF, NA operates banking divisions across eight states as: Bank of Albuquerque; Bank of Oklahoma; Bank of Texas and BOK Financial (in Arizona, Arkansas, Colorado, Kansas and Missouri); as well as having limited purpose offices Nebraska, Milwaukee and Connecticut. Through its subsidiaries, BOK Financial Corporation provides commercial and consumer banking, brokerage trading, investment, trust and insurance services, mortgage origination and servicing, and an electronic funds transfer network. For more information, visit www.bokf.com.

Media contact:
Cody McAlester
cmcalester@bokf.com

FAQ

Who has been appointed as managing director of loan syndications at BOK Financial?

Kaushik Ponnusamy has been appointed as the managing director of loan syndications at BOK Financial.

What is BOK Financial's market position in commercial real estate?

In 2020, BOK Financial was ranked the number 10 CRE bookrunner by number of deals, with over $550 million in transactional volume.

When was the appointment of Kaushik Ponnusamy announced?

The appointment of Kaushik Ponnusamy was announced on February 22, 2021.

What experience does Kaushik Ponnusamy bring to BOK Financial?

Kaushik Ponnusamy brings extensive experience in commercial lending, having arranged billions in bank loan financings.

What is BOK Financial's total asset management?

BOK Financial has over $90 billion in assets under management and administration.