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Cathay General Bancorp (CATY) has announced leadership changes in its risk management division. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank effective January 21, 2025, and will transition to Executive Vice President, Special Advisor to the Office of the President until approximately March 31, 2025.
Diana Deen will succeed Bingham as Executive Vice President and Chief Risk Officer starting January 21, 2025. Deen, 62, brings over 20 years of banking experience, most recently serving at Bank of the West as Executive Vice President, Head of Operational Risk and Chief Ethics and Conduct Officer (2018-2023). Her previous roles include Executive Vice President at Wells Fargo (2013-2017) and Managing Director at JPMorgan Chase (2008-2013), where she led global compliance and risk oversight initiatives.
Cathay General Bancorp (CATY) ha annunciato cambiamenti di leadership nella sua divisione di gestione del rischio. Kim R. Bingham andrà in pensione come Chief Risk Officer di Cathay Bank con effetto dal 21 gennaio 2025 e passerà a Vice Presidente Esecutivo, Consigliere Speciale per l’Ufficio del Presidente fino a circa il 31 marzo 2025.
Diana Deen succederà a Bingham come Vice Presidente Esecutivo e Chief Risk Officer a partire dal 21 gennaio 2025. Deen, 62 anni, porta con sé oltre 20 anni di esperienza bancaria, avendo recentemente ricoperto il ruolo di Vice Presidente Esecutivo, Responsabile del Rischio Operativo e Chief Ethics and Conduct Officer presso la Bank of the West (2018-2023). I suoi ruoli precedenti includono Vice Presidente Esecutivo alla Wells Fargo (2013-2017) e Managing Director presso JPMorgan Chase (2008-2013), dove ha guidato iniziative globali di conformità e supervisione del rischio.
Cathay General Bancorp (CATY) ha anunciado cambios en el liderazgo de su división de gestión de riesgos. Kim R. Bingham se retirará como Director de Riesgos de Cathay Bank a partir del 21 de enero de 2025, y pasará a ser Vicepresidente Ejecutivo, Asesor Especial para la Oficina del Presidente hasta aproximadamente el 31 de marzo de 2025.
Diana Deen sucederá a Bingham como Vicepresidente Ejecutivo y Director de Riesgos a partir del 21 de enero de 2025. Deen, de 62 años, aporta más de 20 años de experiencia bancaria, habiendo trabajado más recientemente en Bank of the West como Vicepresidente Ejecutivo, Jefa de Riesgo Operativo y Directora de Ética y Conducta (2018-2023). Sus roles anteriores incluyen Vicepresidente Ejecutivo en Wells Fargo (2013-2017) y Managing Director en JPMorgan Chase (2008-2013), donde lideró iniciativas globales de cumplimiento y supervisión de riesgos.
캐세이 제너럴 뱅콥(CATY)는 리스크 관리 부문의 리더십 변경을 발표했습니다. 김 R. 빙햄은 2025년 1월 21일부터 캐세이 뱅크의 최고 리스크 책임자로서 은퇴하며, 2025년 3월 31일까지 대통령실의 특별 고문으로 부사장직으로 전환합니다.
DIANA DEEN은 2025년 1월 21일부터 빙햄을 이어 부회장 겸 최고 리스크 책임자를 맡게 됩니다. 62세인 딘은 20년 이상의 은행 경험을 보유하고 있으며, 최근에 뱅크 오브 더 웨스트에서 부사장 겸 운영 리스크 책임자 및 윤리 및 행동 책임자로 재직했습니다(2018-2023). 그녀의 이전 경력은 웰스 파고의 부사장(2013-2017) 및 JP모건 체이스의 전무이사(2008-2013)직을 포함하며, 그곳에서 전 세계의 컴플라이언스 및 위험 감독 이니셔티브를 이끌었습니다.
Cathay General Bancorp (CATY) a annoncé des changements de direction dans sa division de gestion des risques. Kim R. Bingham prendra sa retraite en tant que Chief Risk Officer de Cathay Bank à compter du 21 janvier 2025 et passera à Vice-Président Exécutif, Conseiller Spécial pour le Bureau du Président jusqu’à environ le 31 mars 2025.
Diana Deen succédera à Bingham en tant que Vice-Présidente Exécutive et Chief Risk Officer à partir du 21 janvier 2025. Deen, âgée de 62 ans, apporte plus de 20 ans d’expérience bancaire, ayant dernièrement occupé le poste de Vice-Présidente Exécutive, Responsable des Risques Opérationnels et Chief Ethics and Conduct Officer à la Bank of the West (2018-2023). Parmi ses précédentes fonctions, elle a été Vice-Présidente Exécutive chez Wells Fargo (2013-2017) et Managing Director chez JPMorgan Chase (2008-2013), où elle a dirigé des initiatives mondiales de conformité et de surveillance des risques.
Cathay General Bancorp (CATY) hat Veränderungen in der Unternehmensführung seiner Risikomanagement-Abteilung angekündigt. Kim R. Bingham wird zum 21. Januar 2025 als Chief Risk Officer von Cathay Bank in den Ruhestand treten und bis ungefähr zum 31. März 2025 als Executive Vice President und Sonderberater des Präsidenten tätig sein.
Diana Deen wird Bingham ab dem 21. Januar 2025 als Executive Vice President und Chief Risk Officer nachfolgen. Die 62-Jährige bringt über 20 Jahre Erfahrung in der Bankenbranche mit, zuletzt war sie bei der Bank of the West als Executive Vice President, Leiterin des Operational Risks und Chief Ethics and Conduct Officer (2018-2023) tätig. Zu ihren früheren Positionen gehören Executive Vice President bei Wells Fargo (2013-2017) und Managing Director bei JPMorgan Chase (2008-2013), wo sie globale Compliance- und Risikoüberwachungsinitiativen leitete.
Positive
- Smooth leadership transition planned with overlap period until March 31, 2025
- New CRO brings extensive risk management experience from major banks (JPMorgan Chase, Wells Fargo, Bank of the West)
- Appointment demonstrates focus on maintaining strong risk management practices
LOS ANGELES–(BUSINESS WIRE)– Cathay General Bancorp (Nasdaq: CATY), the holding company for Cathay Bank, announced that Mr. Kim R. Bingham will retire as Chief Risk Officer of Cathay Bank, effective January 21, 2025. Mr. Bingham will continue to serve Cathay Bank as Executive Vice President, Special Advisor to the Office of the President for a transition period that is anticipated to end on or about March 31, 2025, but will no longer be a designated executive officer of Cathay Bank.
Succeeding Mr. Bingham is Ms. Diana Deen, who will join Cathay Bank as Executive Vice President and Chief Risk Officer effective January 21, 2025, and will be a designated executive officer of Cathay Bank.
Diana Deen, age 62, has over 20 years of banking experience and has held key leadership roles in areas of risk management and compliance, overseeing information technology and operational strategies focused on business transformation. Most recently, she was with Bank of the West (now part of Bank of Montreal) from 2018 to 2023, where she served as Executive Vice President, Head of Operational Risk for its Basel Operational Risk Program and was appointed as the Chief Ethics and Conduct Officer in 2022. Prior to that, she served as Executive Vice President, Head of International Risk Oversight at Wells Fargo between 2013 and 2017 and was the Managing Director, Head of Global Compliance Strategy, Technology and Operations at JPMorgan Chase between 2008 and 2013 where she oversaw enterprise-wide strategic and remedial activities.
ABOUT CATHAY GENERAL BANCORP
Cathay General Bancorp (Nasdaq: CATY) is the holding company for Cathay Bank, a California state-chartered bank. Cathay General Bancorp’s website is at www.cathaygeneralbancorp.com. Founded in 1962, Cathay Bank offers a wide range of financial services and currently operates over 60 branches across the United States in California, New York, Washington, Texas, Illinois, Massachusetts, Maryland, Nevada, and New Jersey. Overseas, it has a branch outlet in Hong Kong, and a representative office in Beijing, Shanghai, and Taipei. To learn more about Cathay Bank, please visit www.cathaybank.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250117638810/en/
Heng W. Chen
(626) 279-3652
Source: Cathay General Bancorp
FAQ
When will Diana Deen become the new Chief Risk Officer of CATY?
Diana Deen will become Executive Vice President and Chief Risk Officer of Cathay Bank effective January 21, 2025.
What is Kim Bingham’s transition plan at CATY?
Kim Bingham will retire as Chief Risk Officer on January 21, 2025, and will serve as Executive Vice President, Special Advisor to the Office of the President until approximately March 31, 2025.
What is Diana Deen’s previous banking experience before joining CATY?
Diana Deen has over 20 years of banking experience, including roles at Bank of the West (2018-2023), Wells Fargo (2013-2017), and JPMorgan Chase (2008-2013), specializing in risk management and compliance.
How long will the leadership transition period last at CATY?
The transition period will last approximately two months, from January 21, 2025, to March 31, 2025.
