Significant Appointments in the Banking Industry: New York Fed, BOK, Texas Capital

New York Fed – The Federal Reserve Bank of New York has appointed Naureen Hassan as chief operating officer and first vice president.

Hassan joins from Morgan Stanley where she was chief digital officer for the bank’s wealth management arm. She has also held senior roles at Charles Schwab.

In her new role, Hassan will be the New York Fed’s second ranking officer after president and CEO John Williams, and an alternate voting member of the US’s rate-setting Federal Open Market Committee.

BOK Financial – The $47 billion financial services company has named Stacy Kymes as chief operating officer, a role in which he will oversee all revenue-generating divisions.

Kymes, who has been with the company for almost 25 years, will oversee the company’s regional and commercial banking division, led by executive vice president Norm Bagwell; the consumer banking division, led by executive vice president Derek Martin; and the wealth management division, led by executive vice president Scott Grauer.

Kymes previously served as executive vice president over all specialized banking areas, including energy, commercial real estate, healthcare, treasury services, and TransFund.

Texas Capital Bank – Tim Storms has been named as successor to John Turpen as chief risk officer. Turpen retires on March 31, 2021.

Storms joined Texas Capital in January after working 38 years at JP Morgan Chase in a variety of roles, latterly chief risk officer for the commercial banking arm’s real estate businesses.

Meanwhile, Texas Capital has also appointed Shannon Jurecka as chief human resources officer, a newly created role. She previously held the same role at Celanese Corporation, a chemicals company.

City National Bank – The California-based bank has announced the creation of a new National Corporate Banking division.

It will be headed by Brent Williams, senior vice president, who currently leads City National’s LA Metro Commercial Banking business unit.

Williams, formerly of Wells Fargo, joined City National in 2018. In his new role he will be responsible for developing the new division, aiming to meet the needs of mid- to large-sized corporate companies nationwide. The unit has offices in California, New York City, Chicago, Atlanta, and Dallas.

Simmons First National Corporation – Julie Stackhouse has been appointed to the Arkansas-based group’s board of directors, as well as that of its subsidiary Simmons Bank.

Stackhouse is former executive vice president at the Federal Reserve Bank of St Louis where she oversaw banking regulation, including supervision of bank holding companies and state member banks.

Comerica – Summer Faussette has been named Comerica’s new national African-American business development manager.

Currently vice president of external affairs for Arizona, Faussette will be tasked with helping expand Comerica’s services for and partnerships with African-American non-profit organizations.