WSFS Financial, the parent company of WSFS Bank, hired David Burg as executive vice president, chief financial officer, effective Aug. 15, 2024. In this role, Burg will be responsible for leading the company’s financial operations and strategy, including financial planning and analysis, accounting and financial reporting, treasury and investor relations.
Prior to joining WSFS, Burg held several senior leadership positions during his nearly 17 years at Citigroup. Most recently, he was the head of strategy and execution for legacy franchises. From 2021 to 2023, he was chief financial officer for the entire Latin America region. Burg also served as the chief financial officer of Citigroup’s treasury and trade solutions from 2017 to 2021. In these roles, he was responsible for financial reporting, financial planning and analysis, treasury management and strategy. Earlier in his career, Burg was a managing director in the corporate mergers and acquisitions group at Citigroup. He also held roles at McKinsey and General Electric.
Burg holds an MBA in Finance from Columbia Business School, as well as an M.S. in Materials Science and Engineering from Columbia University. He earned his B.S. in Applied Science and Engineering from Rutgers University.
WSFS also appointed Arthur J. Bacci to the role of executive vice president, chief operating officer, coincidental with the appointment of Burg as chief financial officer. Bacci joined WSFS in April 2018 as executive vice president, chief wealth officer. In addition to serving as chief wealth officer, he has held the role of interim chief financial officer since August 2023. In his new role as chief operating officer, Bacci will have oversight responsibilities for the commercial, wealth, consumer and cash connect lines of business, as well as technology, operations, customer experience, marketing and communications.
As part of WSFS’ ongoing succession planning, in conjunction with Bacci’s appointment to chief operating officer, Jamie P. Hopkins will be elevated to the role of executive vice president, chief wealth officer. Hopkins joined WSFS in October 2023 as senior vice president and director of private wealth management. As chief wealth officer, Hopkins will lead WSFS’ wealth management segment, which includes Bryn Mawr Trust, Bryn Mawr Capital Management, The Bryn Mawr Trust Company of Delaware, Powdermill Financial Solutions, WSFS Institutional Services, WSFS Wealth Investments and WSFS Private Banking.
“David’s expertise and visionary approach to financial strategy are exactly what we need as we accelerate our growth,” Rodger Levenson, chairman, president and CEO if WSFS, said. “His proven leadership, strategic decisioning and commitment to culture will play an instrumental role in our continued drive to deliver superior value for our stakeholders. Additionally, the promotions of Art and Jamie strengthen our leadership team consistent with our commitment to long-term talent development.”
