Banc of California promoted several senior executives effective, while Lynn Sullivan will retire as the company’s executive vice president and chief risk officer at the end of the year.
Banc of California hired Jagdeep Singh Sahota as chief payments officer. Sahota has more than 20 years of experience in the payments space and previously held senior leadership positions at NMI, JPMorgan Chase, Visa, Salesforce and PayPal.
Wells Fargo announced that Southern California Lead Region President John Sotoodeh will head Wells Fargo’s Southwest region. He succeeds Paul W. “Chip” Carlisle, who announced his retirement earlier this year.