Triumph Financial Appoints Mitchell Lee as Chief Risk & Compliance Officer

Rhea-AI Summary

Triumph Financial (Nasdaq: TFIN) has appointed Mitchell Lee as its new chief risk and compliance officer. Lee will oversee the company's enterprise risk and compliance efforts, reporting to Ed Schreyer, EVP and COO. His responsibilities include developing a comprehensive risk management framework across all divisions, ensuring regulatory compliance, and integrating risk management into strategic planning.

Lee brings extensive experience from his previous roles as chief risk and compliance officer at Synctera and director of fintech at the Federal Reserve Bank of San Francisco. His background in managing risk at the intersection of financial services and technology aligns with Triumph Financial's vision of driving innovation while maintaining regulatory excellence.

Positive

• Appointment of experienced chief risk and compliance officer
• Strategic oversight of enterprise risk and compliance efforts
• Integration of risk management into strategic planning
• Alignment with company's vision of innovation and regulatory excellence

Negative

• None.

DALLAS, July 30, 2024 (GLOBE NEWSWIRE) -- Triumph Financial, Inc. (Nasdaq: TFIN) is pleased to announce today the appointment of Mitchell Lee as chief risk and compliance officer. In his new role, Lee will be responsible for providing strategic oversight of the company’s enterprise risk and compliance efforts. This includes driving the ongoing development of a comprehensive enterprise risk management framework across all divisions of Triumph Financial including TriumphPay, Triumph and TBK Bank.  

Reporting directly to Ed Schreyer, Triumph Financial's executive vice president and chief operating officer, Lee will oversee the enterprise risk and compliance teams. His responsibilities will include ensuring adherence to legal and regulatory requirements and integrating risk management concepts into the company's strategic planning. 

Schreyer stated, "With extensive experience in managing risk, compliance, and regulatory affairs at the intersection of financial services and technology, Mitchell brings a wealth of knowledge that aligns with our strategic goals. His leadership at Synctera and the Federal Reserve Bank of San Francisco has equipped him with a unique perspective on the evolving fintech landscape, making him an ideal fit for Triumph Financial's vision of driving innovation for the future and ensuring regulatory excellence." 

Prior to joining Triumph Financial, Mitchell served as the chief risk and compliance officer at Synctera, a Banking-as-a-Service company that connects banks with embedded finance companies and fintech startups. He oversaw the company's risk management and compliance programs in this role. Before his time at Synctera, Mitchell was the director of fintech at the Federal Reserve Bank of San Francisco. In this position, he worked closely with regulators and policymakers on emerging financial technologies including cryptocurrency, marketplace lending, and Banking-as-a-Service. Mitchell currently serves as a board member at the 1990 Institute, a nonprofit organization that focuses on educational programming and championing the fair and equitable treatment of Asian Americans.  

Lee commented, "I was attracted to Triumph Financial because it is not just another bank or payments company. It offers a forward-thinking approach, strong leadership, and dedication to the trucking and financial services industry. I'm thrilled to be part of the team and to use my fintech and regulatory expertise to further develop innovative financial solutions that will improve our customers' connections, reduce risk, and support the trucking community."  

About Triumph Financial  
Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring and banking. Headquartered in Dallas, Texas, its diversified portfolio of brands includes TriumphPay, Triumph and TBK Bank.  

Source: Triumph Financial, Inc.  

Investor Relations Contact:  
Luke Wyse  
Triumph Financial, Inc.  
Senior Vice President, Head of Investor Relations  
lwyse@tfin.com  

Media Contact:  
Amanda Tavackoli  
Triumph Financial, Inc.  
Senior Vice President, Director of Corporate Communication  
atavackoli@tfin.com  

FAQ

Who is the new chief risk and compliance officer of Triumph Financial (TFIN)?

Mitchell Lee has been appointed as the new chief risk and compliance officer of Triumph Financial (TFIN).

What are Mitchell Lee's main responsibilities at Triumph Financial (TFIN)?

Mitchell Lee will be responsible for providing strategic oversight of the company's enterprise risk and compliance efforts, developing a comprehensive risk management framework, ensuring regulatory compliance, and integrating risk management into strategic planning.

What is Mitchell Lee's professional background before joining Triumph Financial (TFIN)?

Before joining Triumph Financial, Mitchell Lee served as the chief risk and compliance officer at Synctera and as the director of fintech at the Federal Reserve Bank of San Francisco.

How does Mitchell Lee's appointment align with Triumph Financial's (TFIN) strategy?

Lee's extensive experience in managing risk at the intersection of financial services and technology aligns with Triumph Financial's vision of driving innovation while maintaining regulatory excellence in the evolving fintech landscape.