Philadelphia, PA (October 4, 2017) —
Nancy J. Foster plans to join RMA November 28, 2017
and will be appointed President and CEO of The Risk Management Association
(RMA), effective January 1, 2018. The announcement was made today by Robert R.
Messer, RMA Chair.
Ms. Foster, 56, had
been Executive Vice President and Chief Risk Officer of Park Sterling Bank
headquartered in Charlotte, North Carolina since 2010, most recently
overseeing management of the bank’s retail, mortgage, and wealth management
lines of business, as well as credit and marketing.
Foster was previously Chief Risk Officer of CIT Group,
Inc., where she was responsible for global, enterprise-wide risk management.
Prior to joining CIT, Foster was Group Senior Vice
President at LaSalle Bank Corporation, a wholly owned subsidiary of ABN AMRO,
NV. During her tenure at LaSalle, she held several roles of increasing
responsibility in middle market lending and credit risk management.
Past RMA Chair, J. Tol Broome Jr. CRC who chaired the
committee that conducted the nationwide search said, “We are excited about
having Nancy Foster join as President and CEO. She has consistently
demonstrated her commitment and ability to make insightful contributions during
her more than 20 year engagement with the Association.” In addition to having
been an active chapter member, she served on the Risk Management Association’s Credit
Risk, Community Bank, and Enterprise Risk Management councils. She was elected
Vice Chair of the Board of Directors in 2013 and Chair in 2014.
Foster will be the ninth chief executive of RMA
since its founding in 1914 and the first woman President and CEO of the Association.
She succeeds William F. Githens who earlier this year had informed the Board of Directors of his plans to retire
at the end of 2017 after 20 years of service with the Association and almost 50
years of service to the industry. He has served as President and CEO since
January 2010.
About RMA
Founded in 1914, The Risk Management Association is a not-for-profit,
member-driven professional association whose sole purpose is to advance the use
of sound risk management principles in the financial services industry. RMA
promotes an enterprise approach to risk management that focuses on credit risk,
market risk, and operational risk. Headquartered in Philadelphia, Pennsylvania,
RMA has 2,500 institutional members that include banks of all sizes as well as
nonbank financial institutions. They are represented in the association by more
than 18,000 risk management professionals who are chapter members in financial
centers throughout North America, Europe, Australia, and Asia/Pacific.
Media Contacts
Stephen Krasowski, skrasowski@rmahq.org,
215-446-4095
Frank Devlin, fdevlin@rmahq.org,
215-446-4137