GBank Financial Holdings Inc. Appoints New Chief Information & Technology Officer
GBank Financial Holdings Inc. (OTCQX: GBFH) appointed Shouvik Ray as Executive Vice President and Chief Information & Technology Officer (CIO/CTO) effective March 22, 2022. Mr. Ray brings over 20 years of banking experience, focusing on technology and cybersecurity. His role will enhance the Bank's IT systems and client services, aligning with the strategic goals outlined by CEO T. Ryan Sullivan. GBank, with assets of approximately $618 million, operates the Bank of George, recognized as a top community bank.
- Appointment of Shouvik Ray as CIO/CTO is expected to enhance IT systems and client experience.
- Mr. Ray's extensive background in technology and risk management brings fresh leadership and expertise.
- GBank's assets stand at approximately $618 million, indicating financial stability.
- Potential risks from recent and ongoing COVID-19 pandemic could impact future financial results.
- Dependence on strategic execution to achieve growth could present challenges.
LAS VEGAS, April 14, 2022 /PRNewswire/ -- GBank Financial Holdings Inc. ("GBank" or the "Company") (OTCQX: GBFH), the parent company for Bank of George (the "Bank"), today announced that Shouvik Ray has been appointed Executive Vice President and Chief Information & Technology Officer (CIO/CTO) of Bank of George, effective March 22, 2022.
Mr. Ray has over 20 years of extensive cross-functional Banking experience with demonstrated thought leadership in Technology, Cybersecurity, Risk Management, Fintech, Outsourcing, Payments, and Vendor (Third-Party) Management. Prior to joining Bank of George, he led the IT, Information Security, Technology Risk, and Vendor Management functions at Westamerica Bank. He has previously seeded and developed functions and managed large international teams and initiatives for Global Banks including HSBC and BNP Paribas in the roles of SVP/Head of Global IT Services, Head of Global Software Development Supply Chain Management, Head of Technology Vendor Management, Head of R&D Center, Program Manager, Client Engagement Manager, Business Analyst, and Functional Architect. He began his career in software development and management consulting for Financial Services, Telecom and Energy sectors.
"In years past, once we configured our information technology systems, they functioned properly and remained fairly static. Those days are over. Our ongoing demands necessitate dynamic performance from our IT systems. A year from now, our systems will look quite different, and the expectation is that they will perform flawlessly," said T. Ryan Sullivan, President and Chief Executive Officer. "To further strengthen the client experience and our growth-centric environment, it is now time for Bank of George to increase the size of its executive team. Having Shouvik Ray join us as CIO/CTO is critical to achieving the Bank's strategic goals quickly and effectively. His new responsibilities include directing and overseeing the Bank's Information Technology department's vision, strategy, and operations. The technology solutions he oversees will help the Company stay at the forefront of technological advancements, innovation, and operational excellence. We are delighted to have Shouvik on board."
"On behalf of our Board of Directors, I am excited to welcome Shouvik Ray to Bank of George," said Edward M. Nigro, Executive Chairman. "As a member of an already successful leadership team, his appointment adds further strength, and his industry knowledge and insight will be a significant component in our future growth for the benefit of our customers, employees, and shareholders."
Mr. Ray holds a Bachelor of Technology Degree in Electronics & Communication Engineering from the National Institute of Technology, Jalandhar, India and an MBA from École des Ponts ParisTech, Paris. He mentors technology start-ups, advises universities on Business Technology Programs and actively volunteers with Philanthropic organizations in the community.
GBank Financial Holdings Inc. ("GBank" or the "Company") (GBFH), a bank holding company with approximately
GBank has made forward-looking statements in this Press Release. These forward-looking statements are subject to risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations of the Company and its subsidiaries. When words such as "believes," "expects," "anticipates," or similar expressions occur in this Press Release, the Company is making forward-looking statements. Note that many factors could affect the future financial results of the Company and its subsidiaries, both individually and collectively, and could cause those results to differ materially from those expressed in the forward-looking statements contained in this Press Release. Those factors include, but are not limited to: the recent and continuing coronavirus (COVID-19) pandemic which poses risks and may harm the Company's business and results of operations in future quarters, credit risk, changes in market interest rates, inability to achieve merger-related synergies, competition, economic downturn or recession, and government regulation and supervision. The Company undertakes no obligation to update or revise any forward-looking statements.
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SOURCE GBank Financial Holdings Inc.
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