Phelan brings deep expertise in credit score and danger technique to HBI Board
COLUMBUS, Ohio, June 11, 2019 /PRNewswire/ — The Board of Administrators of Huntington Bancshares Integrated (Nasdaq: HBAN; www.huntington.com) has unanimously elected as a member retired U.S. Division of the Treasury Chief Threat Officer Kenneth J. Phelan.
November 2014. In this role, he established the department's Office of Risk Management to provide senior Treasury and other Administration officials with analysis of key risks, including credit, market, liquidity, operational, governance, and reputational risks across the department. Phelan also served as Acting Director for the Office of Financial Research, an independent bureau within the Treasury Department charged with supporting the Financial Stability Oversight Council and conducting research about systemic risk." data-reactid="25">Phelan joined the U.S. Division of the Treasury as its first Chief Threat Officer in November 2014. On this position, he established the division’s Workplace of Threat Administration to offer senior Treasury and different Administration officers with evaluation of key dangers, together with credit score, market, liquidity, operational, governance, and reputational dangers throughout the division. Phelan additionally served as Appearing Director for the Workplace of Monetary Analysis, an unbiased bureau throughout the Treasury Division charged with supporting the Monetary Stability Oversight Council and conducting analysis about systemic danger.
Stephen D. Steinour, chairman, president and chief executive officer of Huntington. "His unique, broad-based experience across the risk and credit spectrum at a variety of institutions will enable our board to maximize our risk capability in protecting our customers, shareholders and colleagues."" data-reactid="26">“Ken’s deep experience and extraordinary profession as a extremely regarded danger and credit score chief will considerably strengthen Huntington’s governance,” stated Stephen D. Steinour, chairman, president and chief govt officer of Huntington. “His distinctive, broad-based expertise throughout the danger and credit score spectrum at quite a lot of establishments will allow our board to maximise our danger functionality in defending our clients, shareholders and colleagues.”
Previous to Treasury, Phelan served because the Chief Threat Officer for RBS Americas and for Fannie Mae after it was positioned in conservatorship. He beforehand served because the Chief Threat Officer for Wachovia, the place he supplied management for credit score, market, and operational danger administration in the course of the transition following the corporate’s acquisition by Wells Fargo. Earlier in his profession, Phelan held quite a lot of senior danger roles at JP Morgan Chase & Co., UBS, and Credit score Suisse.
“Huntington is nicely positioned, and I stay up for serving to the board proceed its concentrate on disciplined progress in an more and more advanced world,” Phelan stated. “I share the board’s dedication to looking for folks in all we do, and I like the sturdy governance mindset that aligns the pursuits of Huntington’s many stakeholders.”
Old Dominion University and his master's degree in economics from Trinity College in Dublin, Ireland. He earned his law degree from Villanova University." data-reactid="29">Phelan earned his bachelor’s diploma in finance from Previous Dominion College and his grasp’s diploma in economics from Trinity Faculty in Dublin, Eire. He earned his regulation diploma from Villanova College.
Phelan serves on the board of Independence Mission Colleges, a non-profit that gives a transformative Catholic schooling to kids of all faiths in low-income neighborhoods throughout Philadelphia.
Huntington Bancshares Integrated is a regional financial institution holding firm headquartered in Columbus, Ohio, with $108 billion of property and a community of 898 full-service branches, together with 12 Non-public Consumer Group places of work, and 1,727 ATMs throughout eight Midwestern states. Based in 1866, The Huntington Nationwide Financial institution and its associates present client, small enterprise, industrial, treasury administration, wealth administration, brokerage, belief, and insurance coverage companies. Huntington additionally gives automobile finance, tools finance, nationwide settlement, and capital market companies that reach past its core states. Go to huntington.com for extra data.