Banc of California Hires Ken McMullen as Executive Vice President and Treasurer
October 01 2024 - 5:25PM
Business Wire
Bank continues to attract top talent and position itself for
growth
Banc of California, a wholly owned subsidiary of Banc of
California, Inc. (NYSE: BANC), announced today that Ken McMullen
has joined the company as Executive Vice President and Treasurer.
He is a member of the Senior Management Committee and reports
directly to Joe Kauder, Banc of California’s Chief Financial
Officer.
McMullen oversees all aspects of the bank’s corporate treasury
function, including oversight of its corporate investment
portfolio. His treasury responsibilities include supervision of the
bank’s balance sheet, development of funding and capital
strategies, and management of interest rate risk and liquidity.
“Banc of California continues to be a destination for top
talent,” said Jared Wolff, CEO of Banc of California. “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.”
McMullen has more than three decades of financial services
experience. He was the Treasurer for the combined U.S. operations
of BNP Paribas USA, Inc., where he created and led the bank’s
combined treasury unit to support the retail bank, the
broker-dealer unit, and the U.S. branch functions and strategy.
McMullen implemented a continuous improvement program to ensure
compliance with regulations, supervisory expectations and best
practices in all facets of management. In addition, McMullen
previously served as Executive Vice President and Treasurer of Bank
of the West, which was acquired by BNP Paribas.
Most recently, after more than a decade at BNP Paribas, McMullen
served as Treasurer at Varo Bank, the nation’s first fully digital
bank. Earlier in his career, McMullen served in various roles at
Washington Mutual Bank for more than a decade before joining Bank
of the West.
“We are so pleased to have a seasoned professional like Ken join
our team as Treasurer,” said Kauder. “His experience and leadership
at a much larger institution will complement and enhance our
outstanding Treasury team.”
About Banc of California, Inc.
Banc of California, Inc. (NYSE: BANC) is a bank holding company
with over $35 billion in assets and the parent company of Banc of
California. Banc of California is one of the nation’s premier
relationship-based business banks, providing banking and treasury
management services to small, middle-market and venture-backed
businesses. Banc of California is the third-largest bank
headquartered in California and offers a broad range of loan and
deposit products and services through more than 80 full-service
branches throughout California and in Denver, Colorado, and Durham,
North Carolina, as well as through regional offices nationwide. The
bank also provides full-stack payment processing solutions through
its subsidiary, Deepstack Technologies, and serves the Community
Association Management industry nationwide with its
technology-forward platform, SmartStreet™. The bank is committed to
its local communities by supporting organizations that provide
financial literacy and job training, small business support,
affordable housing, and more. For more information, please visit us
at www.bancofcal.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20241001411980/en/
Jennifer Saylors Senior Vice President, Corporate Communications
Office: 213-338-8635 Jenn.Saylors@bancofcal.com
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