October 13, 2021 – Drew Railton and Adam Cotterall of Caldwell recently hired Dave Baldarelli as Chief Digital Officer and Wendy Murphy as Chief Technology and Operations Officer at Concentra Bank.
Mr. Baldarelli is a motivational leader with a demonstrated ability to guide an organization through innovation and in-depth business transformation. He is passionate about creating value for customers and delivering products that drive business results. Mr. Baldarelli has over 25 years of experience in banks, credit unions and fintechs. He is active in the community, serving on two non-profit boards. Mr. Baldarelli most recently served as Senior Vice President and Chief Digital Officer of Meridian Credit Union and COO of motusbank. Ms. Murphy is responsible for developing synergies between digitization, automation and business operations.
As a former CIO with global experience and education in banking, insurance and wealth management, she is digitally driven and business-focused. Throughout her career, Ms. Murphy has championed diversity and inclusion, and has strived to deliver STEM events to youth from underrepresented communities. She is chair of the Salvation Army’s IT committee to the board of directors and an advisor to a start-up biotechnology company that supports mental health. Ms. Murphy most recently served as Vice President of Channel Technology – Delivery Solutions and Operations at TD.
Concentra Bank works with fintechs and credit unions to provide Canadians with mortgages, savings products, specialty banking products, business loan and rental solutions, and more. With a Schedule I banking license and a federally regulated trust license, the bank provides wholesale and trust banking solutions to Canadian credit unions.
Caldwell’s global financial services practice serves clients in investment banking and capital markets, asset and wealth management, alternative investments, insurance, consumer financial services and real estate, as well as all shared services and functional capabilities in the financial services industry.
Mr. Railton is a managing partner in Western Canada. Drawing on over 18 years of experience in the placement of senior executives and board directors, he provides expertise in recruiting boards, CEOs and senior executives. Mr. Railton has experience as a director, serving on volunteer and corporate boards of directors, as well as extensive philanthropic involvement. Prior to joining Caldwell in 2006, Mr. Railton’s career spanned a wide range of industries and functions, including roles in operations, sales, human resources, customer service and general management.
Mr. Cotterall is a partner in the company’s technology and financial services practices, working with clients across North America to build their leadership teams, with additional depth in recruiting CFOs, CIOs and HRD in various sectors. Specializing in emerging technologies, Mr. Cotterall is called upon to recruit senior executives with expertise in innovation, transformation, artificial intelligence, data and analytics, digital, biotechnology, e-commerce, edtech and fintech.
Search for bank executives
Financial services organizations, in general, face a new competitive landscape, regulatory challenges, and a constant struggle to manage costs and efficiency. It requires strategic leaders with a multidimensional skill set. Like all financial institutions, banks continue to look to executive search firms for new leaders.
Here is a sampling of some important research in the industry that is underway or recently completed, taken from the Hunt Scanlon media archive:
Caldwell’s Rich Perkey and Jeremy Zeman recently assisted Leawood, KS-based CrossFirst Bankshares in placing Mike Maddox as new chairman and CEO. His successor, George F. Jones, will continue to serve on the company’s board of directors until 2021 and serve as its vice-chairman. CrossFirst Bankshares Inc. is a Kansas corporation and a registered banking holding company for its wholly owned subsidiary CrossFirst Bank, headquartered in Leawood, KS. CrossFirst Bank has seven full-service bank offices, primarily along the I-35 corridor in Kansas, Missouri, Oklahoma and Texas.
Irvine, Calif.-based research firm McDermott + Bull appointed Sean Foley as banking director for Pacific Mercantile Bancorp, the holding company of Pacific Mercantile Bank, a wholly owned banking subsidiary. The mission was led by President Brandon Biegenzahn and Vice President Michelle Davis. Pacific Mercantile Bank is a full-service merchant bank with more than $ 1.3 billion in assets serving Southern California. It is listed as a member of the Russell 2000 Index. The bank is headquartered in Orange County and has seven locations in Southern California, Orange, Los Angeles, San Diego and San Bernardino counties. .
Kaplan Partners, which specializes in finding senior executives primarily in the financial services, corporate finance, private equity and technology industries, has appointed Carolyn Powell CHRO for Provident Bank. Provident Bank, a community-based financial institution, is the wholly owned subsidiary of Provident Financial Services, Inc., which reported assets of $ 9.81 billion. With $ 7.10 billion in deposits, Provident Bank offers a full range of financial products and services through its branch network in northern and central New Jersey and eastern Pennsylvania.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, editor-in-chief; and Stephen Sawicki, Editor-in-Chief – Hunt Scanlon Media