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 (June 7, 2001) - Maurice H. Hartigan II has been appointed President and CEO of RMA-The Risk Management Association, effective May 30, 2001. The announcement was made by William L. Perotti, senior executive vice president, Frost National Bank, San Antonio, Texas, who chaired the committee that conducted a nationwide search.
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 a corporate executive vice president 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.
Hartigan holds a BA from Georgetown University and an MBA from City University of New York. 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 retired. Under Maury's leadership, RMA will continue to emphasize high value products, professional development, and networking opportunities as well as continued development of benchmarking tools. "My main goal is to keep RMA at the forefront of thought leadership on the evolving areas of risk," explains Maury. "In an industry that has seen unprecedented expansion, as well as consolidation and a steady stream of new risk-related products, RMA has served as a constant. In addition to furnishing the industry with Statement Studies, publications, seminars, and round tables, and training, RMA provides an important interchange where our members share ideas and experiences, benefiting their own institutions and the industry overall.
"In the coming months, we plan to launch some exciting new products and studies, which I am confident will be recognized for the value they bring to our members. It is with great enthusiasm that I begin my tenure at RMA, and I look forward to working with our members as we meet the challenges of enterprise-wide risk management."
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, call Pam Martin, Director of Regulatory Relations and Communications, at 215-446-4092.