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Michael P. Carlson Joins Trustmark as Executive Vice President and Chief Risk Officer
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Rhea-AI Summary
Trustmark Corporation (NASDAQ: TRMK) announces the appointment of Michael P. Carlson as Executive Vice President and Chief Risk Officer. Carlson will oversee the company's compliance and risk functions, reporting to Granville Tate, Chief Administrative Officer. With over 30 years of experience, including a leadership role at another financial institution, Carlson aims to enhance Trustmark's risk management strategies. CEO Duane Dewey expressed confidence in Carlson's expertise, highlighting the importance of effective risk management in the financial sector.
Positive
Appointment of a seasoned executive with over 30 years of experience.
Michael Carlson's role to enhance compliance and risk management functions.
CEO's confidence in Carlson's ability to navigate enterprise risk.
Negative
None.
JACKSON, Miss.--(BUSINESS WIRE)--
Trustmark Corporation (NASDAQGS:TRMK) is pleased to announce that Michael P. (Mike) Carlson has joined Trustmark as Executive Vice President and Chief Risk Officer of Trustmark National Bank, and will be responsible for Trustmark’s compliance and risk functions. He reports to Granville Tate, Jr., EVP and Chief Administrative Officer, who also previously held the Chief Risk Officer role prior to Mr. Carlson assuming the position.
Michael P. Carlson, Executive Vice President and Chief Risk Officer (Photo: Business Wire)
“Managing risk in the financial industry requires a seasoned executive with an in depth understanding of the complexities involved and strategies to engage to navigate enterprise risk. Mike brings with him an abundance of knowledge and experience from his extensive background that makes him the right choice to lead our risk group,” said Duane Dewey, CEO of Trustmark. “We are delighted to welcome him into the Trustmark family and to our executive leadership team.”
Mr. Carlson has more than 30 years of experience, with his most recent leadership role being EVP and Deputy General Counsel for another large financial institution, with an emphasis on legal, operational, and regulatory risk management strategies. Prior to that, he served as partner with a law firm, representing a variety of holding companies, commercial banks, federal savings banks, insurance companies, mortgage companies, trust companies and credit unions.
“I am excited to join Trustmark and anticipate building on the values upon which the company was founded,” stated Mr. Carlson. “I look forward to working with the team to lead our risk management efforts through future successes for the company.”
Mr. Carlson received his Juris Doctorate conferred cum laude from the Mitchell Hamline School of Law in St. Paul, Minnesota and earned a Bachelor of Science in Organizational Leadership conferred cum laude from St. John’s University in Collegeville, Minnesota.
About Trustmark
Trustmark Corporation is a diversified financial services company headquartered in Jackson, Mississippi, with 180 locations in Alabama, Florida, Mississippi, Tennessee and Texas. Trustmark provides banking, wealth management and insurance solutions through its subsidiaries, including Trustmark National Bank, Trustmark Investment Advisors, Inc., and FBBINSURANCE. Visit trustmark.com for more information.
Melanie Morgan Director of Corporate Communications & Marketing 601.208.2979
mmorgan@trustmark.com
Source: Trustmark Corporation
FAQ
Who is the new Chief Risk Officer at Trustmark Corporation?
Michael P. Carlson has been appointed as the new Chief Risk Officer at Trustmark Corporation.
What is Michael P. Carlson's previous experience before joining Trustmark?
Prior to joining Trustmark, Michael P. Carlson was EVP and Deputy General Counsel at another financial institution, focusing on legal and regulatory risk management.
What are the responsibilities of Michael P. Carlson at Trustmark?
Michael P. Carlson will be responsible for overseeing Trustmark's compliance and risk functions.
Who does Michael P. Carlson report to at Trustmark?
Michael P. Carlson reports to Granville Tate, the EVP and Chief Administrative Officer.
What is the stock symbol for Trustmark Corporation?
The stock symbol for Trustmark Corporation is TRMK.
