WSFS Bank, the primary subsidiary of WSFS Financial, promoted Christine E. Davis to executive vice president and chief risk officer.
In her new role, Davis will lead all risk management functions for WSFS Bank, including credit administration, credit risk management, enterprise risk management, real estate services, asset recovery, legal, internal audit, loan review and regulatory compliance.
Davis is assuming the role following Michael Reed’s decision to return to his previous role as partner in the financial services and corporate groups at Covington & Burling. Davis will report to Rodger Levenson, chairman, president and CEO of WSFS.
“Christine is a respected leader with more than two decades of experience managing risk at WSFS,” Levenson said. “Her collaborative working style and leadership skills, coupled with her deep industry knowledge and ability to balance risk and the evolving regulatory landscape, make her an ideal fit for this role. Christine’s promotion reflects our focus on talent development, as she becomes the third member of the executive leadership team to have spent their career at WSFS, reflecting our commitment to thoughtful, deliberate and continual executive management succession planning.
“Christine and Michael will work closely over the next couple of months to support a smooth leadership transition. We wish Michael well in his return to Covington and we look forward to continuing to work with him as part of our long-standing relationship with the firm.”
Davis is a certified public accountant and has been with WSFS for nearly 23 years, holding many different roles within its internal audit division. In her most recent role as chief auditor, she directed and oversaw the continuous development and implementation of an internal audit program throughout the organization, including within its subsidiary companies.
As Davis moves to the new role, John E. Kveragas Jr. will assume the role of senior vice president and chief auditor. Kveragas has more than 20 years of auditing experience and most recently served as the chief audit officer for Bryn Mawr Trust. Kveragas is a CPA and a certified information systems auditor.