After a nationwide search, the Board of Directors of RMA-The Risk Management Association unanimously voted to appoint Maurice H. Hartigan II as its new President and CEO, effective May 30, 2001.
Philadelphia, Pa (April 25, 2001) - Maurice H. Hartigan II has been appointed President and CEO of RMA-The Risk Management Association, effective May 30, 2001.
"After conducting a nationwide search, the board believes it has chosen an excellent leader who will guide RMA's efforts as it continues to seek new and better ways to manage risk," said Search Committee Chair William L. Perotti, senior executive vice president, Frost National Bank, San Antonio, Texas.
Hartigan has more than 35 years of industry experience and brings a wide range of banking knowledge to RMA. For the past five years, Hartigan was one of two corporate EVPs at PNC where he helped restructure a number of PNC's key business lines.
Before joining PNC, Hartigan was with Chemical Bank for 30 years where he led a number of the company's most credit-intensive businesses. He also has an understanding of community bank issues as a result of his experience directing correspondent banking at Chemical in the early 1980s.
Other leadership roles that Hartigan held at Chemical Bank included, senior vice president, Corporate Banking; senior vice president, Financial Services Division; executive vice president - head of International Division; chairman, Credit Policy Committee; and executive in charge-Chemical Realty Group.
Hartigan holds a BA from Georgetown and an MBA from CCNY. He also attended the Advanced Management Program at Harvard University. Hartigan will be the sixth chief executive to serve RMA since its founding in 1914 and he is the first to come into the office under the Association's new name, RMA-The Risk Management Association. He replaces Allen W. Sanborn who is retiring.
"We believe Maury's extensive experience and his understanding of the industry make him an excellent choice to lead RMA as it continues to expand its commitment to risk management best practices," said RMA Chair William C. Scholl, president and chief operating office of Pulaski Bank & Trust, Little Rock, Arkansas. "We are confident that, under Maury's leadership, RMA will continue to provide excellent value to our members as they seek ways to mitigate risk and enhance shareholder value.
RMA is the only financial services association that specializes in promoting effective credit risk management practices across the entire financial services industry. Its membership consists of more than 3,000 financial service providers. These institutions are represented in the association by more than 18,000 commercial loan, credit, and risk management professionals in 50 states, Puerto Rico, Canada and numerous foreign cities, including Hong Kong, Singapore and London. For more information, contact Pam Martin, Director of Regulatory Relations and Communications at 215-446-4092.