Ken McMullen Joins Banc of California as EVP & Treasurer
Slice of Finance Team
10/09/2024
Key Highlights:
- Ken McMullen named Executive Vice President and Treasurer at Banc of California.
- Reports directly to Joe Kauder, CFO, and joins the Senior Management Committee.
- Brings 30+ years of experience in financial services, including roles at BNP Paribas and Varo Bank.
- Will oversee the bank’s corporate treasury function, balance sheet management, and interest rate risk.
Source: Business Wire
Quotes
“ “Banc of California continues to be a destination for top talent. 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.” ”
Jared Wolff, CEO of Banc at California
Our Take:
The addition of Ken McMullen as Executive Vice President and Treasurer is a strategic move for Banc of California as it looks to expand its capabilities and enhance its position in the market. McMullen's extensive experience, including his leadership roles at BNP Paribas and Varo Bank, positions him to strengthen Banc of California’s treasury function and navigate the complexities of balance sheet management and capital strategies. His track record of building and improving treasury operations aligns well with the bank’s growth ambitions, making this a noteworthy appointment in the banking sector.
