공시 • Jul 15
Versabank Appoints Senior Executives to U.S. Subsidiary Ahead of U.S. Bank Acquisition
VersaBank announced the appointments of four senior executives to its newly created U.S. subsidiary, VersaBank USA: · Tel Matrundola, President; · Shawn Clarke, Chief Operating Officer; · Tim Bloom, Chief Risk Officer; and · Kevin Sullivan, Bank Secrecy Act (BSA) Officer. Messrs. Matrundola and Clarke will move from VersaBank Canada to their new roles at VersaBank USA. The appointments are subject to approval by the VersaBank USA board upon completion of the U.S. bank acquisition, which has been approved by both U.S. and Canadian regulators, and is scheduled for closing on August 30, 2024. Tel Matrundola joined VersaBank in 2003 as Vice President of Public & Corporate Affairs. In May 2016, he was appointed Chair of PWC Capital, the former parent company of VersaBank, later serving as Chief Strategy Officer, and Executive Vice President. During Mr. Matrundola's 20-year tenure with VersaBank, he has served continuously on every senior executive committee and has worked closely supporting the President & CEO on the Bank's strategic initiatives. Previously, Mr. Matrundola served in the Government of Canada as Senior Policy Advisor to the Deputy Prime Minister and Minister of Finance, Senior Policy Advisor to the Minister of Foreign Affairs, and Policy Advisor to the Minister of Industry. His policy focus as Senior Advisor was Canada-US Relations, NAFTA, Post 9-11 Security and Anti-Terrorism, National Security, Border Issues, and the creation of Nexus. Mr. Matrundola also has extensive experience in the Real Estate Development Industry. Mr. Matrundola earned a Ph.D. in International Relations and Diplomacy from the American Graduate School in Paris, in 1997, a Master of Arts in International Relations & Diplomacy from Schiller University's Paris campus, in 1993, and an Honours Bachelor of Arts Degree from the University of Toronto, in 1992, with additional studies at l'Universite de Paris XI, and the University of Siena. Mr. Clarke joined VersaBank in 2009 and has held progressively senior positions in corporate development, technology, risk, and finance over his tenure with the Bank, including Chief Risk Officer and Senior Vice President, Operations, as well as Chief Operating Officer of a subsidiary of the Bank. In 2017, Mr. Clarke was appointed Chief Financial Officer and since that time has contributed to the operating performance of the Bank through his leadership and guidance in the areas of performance planning and analysis, as well as financial and capital management. He has also led important initiatives, including leading the Bank's finance team through underwriter due diligence and analysis associated with VersaBank's USD 75 million private placement of subordinated notes with US institutional investors and the Bank's USD 63 million common share offering concurrent with the listing of the Bank's common stock on the NASDAQ exchange, leading the Bank's finance team through the financial and administrative due diligence associated with the acquisition of the company Digital Boundary Group by VersaBank's wholly owned subsidiary DRT Cyber Inc. rebuilding the Bank's financial planning function as well as leading the Bank's adoption of IFRS 9 Financial Instruments. Mr. Clarke holds M. Eng and B.Eng degrees from McMaster University and an MBA (Finance) degree from Wilfrid Laurier University. Mr. Bloom is a results-oriented Enterprise Risk Management leader with over 20 years of experience in the financial services industry. He has held senior-level positions at leading financial institutions, including NASDAQ, SOFI Technologies, and the Federal Home Loan Bank of San Francisco, where he developed and implemented risk management frameworks and strategies that align with both organizational and regulatory objectives. A proven expert in creating risk appetite frameworks and data-driven risk management approaches, Timothy has a track record of success in mitigating risks and achieving strategic goals. In addition to his professional accomplishments, Timothy has taught Risk Management at Columbia University and holds a Master's degree in Enterprise Risk Management from the same institution. His passion for helping organizations manage risk and achieve their goals makes him a valuable asset to the company's team. Mr. Sullivan has more than 30 years of experience in police and financial crime experience focusing on money laundering, narcotics, organized crime and terrorist financing and financial institution liaison. Prior thereto, Mr. Sullivan spent 22 years in law enforcement culminating in his role with the New York State Police as the New York State Money Laundering Coordinator detailed to the High Intensity Financial Crimes Area of the El Dorado Task Force Mr. Sullivan is also the author of the book AML in a Nutshell and host of the AML podcast C-Notes. Mr. Sullivan possesses a Master's degree in Economic Crime Management from Utica University. Mr. Sullivan has assisted ACAMS with their Certified Anti-Money Laundering Specialist certification as well as other financial crimes related certifications.