Susquehanna Bancshares (SUSQ) in Lititz, Pa., has hired Kevin Burns as chief risk officer and executive vice president.
The $18 billion-asset company decided to appoint a leader for its risk management team "in light of increasing demands and regulatory focus on the discipline of risk management," Chairman and Chief Executive William Reuter said in a press release Monday.
Burns most recently served as director of governance, regulatory and risk management for Deloitte & Touche. He has also held risk management positions at Bank of America (BAC), JPMorgan Chase (JPM) and ABN AMRO/LaSalle Bank.
Burns "brings significant experience in risk management, financial services and credit, and he will serve as a valuable resource for our board's risk committee and departments throughout the company," Reuter said.
Susquehanna sold 30 branches to a unit of SunTrust Banks (STI) in December for $57.1 million and agreed to lease them back. The company said that proceeds from the sale would be used to pay back short-term debt, and for other corporate purposes.
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