Western Alliance Bank promoted several senior executives to its new executive leadership team as part of the bank’s continuing commitment to align its management structure to support its growth.
“I am delighted to share these well-deserved promotions with our employees, customers and investors,” Kenneth Vecchione, president and CEO at Western Alliance Bank, said. “I am confident that these changes will allow us to continue creating new growth opportunities and delivering value to our shareholders while ensuring leadership continuity within our organization.”
The executive promotions are as follows (all promotions are effective immediately unless otherwise noted):
- Tim Bruckner, chief credit officer, was promoted to the new role of chief banking officer for regional banking, where he will be responsible for oversight of the company’s regional banking divisions, including Alliance Bank of Arizona, Bridge Bank, Bank of Nevada, First Independent Bank and Torrey Pines Bank. He will continue as a member of the bank’s senior operating committee and report directly to Vecchione. Robert Nemon, deputy chief credit officer, will serve as interim chief credit officer and will join the company’s senior operating committee.
- Steve Curley was promoted to the new role of chief banking officer for national business lines. Curley will have direct oversight of most of the bank’s national business lines, including its note finance, MSR lending, public/nonprofit finance, equipment finance and several other finance units and new business initiatives. He will also have more responsibility for developing and executing the bank’s overall residential mortgage strategy, working in close partnership with AmeriHome Mortgage CEO Jim Furash. Both Curley and Furash will continue reporting directly to Vecchione.
- Randall Theisen, who joined the bank in 2006, will retire from his current role of chief legal officer (CLO) in Q1/23. Following his retirement as CLO, he will remain with the bank in the newly created position of head of corporate affairs, overseeing the company’s corporate communications, marketing, government relations and community relations functions. He will continue to report directly to Vecchione.
- Jessica Jarvi was promoted to general counsel of the bank and will assume the chief legal officer role upon Theisen’s transition to head of corporate affairs. She will begin reporting directly to Vecchione. Jarvi joined the bank in 2007 and was appointed as deputy general counsel in 2013, with responsibility for direct oversight of the bank’s legal function while also spearheading the company’s CRA, ESG and executive-led diversity and inclusion initiatives.
- Emily Nachlas, chief risk officer for Western Alliance Bank, was named an executive officer of the bank and will report directly to Vecchione. Since joining the company in 2019, Nachlas has been instrumental in strengthening the bank’s risk management foundation as the organization has grown in size and complexity.
- Dale Gibbons, CFO, will have an expanded role that includes responsibility for the bank’s strategic deposit initiatives, including business escrow services, settlement services and digital banking opportunities.
Western Alliance Bank also created a new executive leadership team that will be responsible for making key policy decisions and guiding the strategic direction of the company.
The seven-member team will consist of Vecchione, Bruckner, Curley, Theisen, Nachlas and Gibbons, as well as Timothy Boothe, chief operating officer, and Barbara Kennedy, chief human resources officer, including. Jarvi will replace Theisen on the team and step into the role of CLO in Q1/23.
“I’m truly excited by the possibilities that lie ahead for these outstanding individuals and for our company,” Vecchione said. “I am more confident than ever that our seasoned and diverse executive team will continue to deliver best-in-class service to our customers and industry leading financial results for our shareholders while also serving the needs of our employees and the communities in which we do business.”