PHOENIX, May 6, 2024 (BUSINESS WIRE) --
Western Alliance Bancorporation today announced the promotion of Jocelyn Lynch to the President and CEO of Western Alliance Trust Company, N.A. Lynch brings tremendous experience to her elevated role, having served previously as Managing Director in the Corporate Trust group at Western Alliance Trust Company, N.A.
"Jocelyn's deep expertise, unwavering focus on clients and strategic mindset make her a natural choice to lead the Western Alliance Trust Company," said Dale Gibbons, Vice Chairman and Chief Financial Officer of Western Alliance Bank. "With nearly 20 years of years of high-level experience delivering premier corporate trust services and levered loan administration solutions, she will be an outstanding leader for our trust business, which she helped to start and grow since joining us in 2022."
As Head of Western Alliance Trust Company, N.A., Lynch will guide the organization's overall strategy and operations, helping clients to achieve their asset management strategies as a premier, third-party collateral management partner focused on CLO Trustee, Levered Loan Administration and Securities Custody services. Western Alliance Trust Company's state-of-the-art, proprietary digital platform - built from the ground up to be the best in the industry - is a key differentiator.
"I am so pleased to move into the top leadership role at Western Alliance Trust Company," said Lynch. "Being part of this terrific organization since the very beginning enables me to state with the utmost confidence that this team, with our deep industry knowledge and commitment to our clients - all supported by our superb technology - delivers a truly superior customer experience. I look forward to growing this business as we continue to do great work for clients and consistently enhance our offerings."
Previously, as Managing Director in the Corporate Trust group, Lynch oversaw all aspects of the Trust Company business, which includes collateralized loan obligation (CLO) trustee, loan facility administration and custody products. Prior to joining Western Alliance, she spent seven years at Wells Fargo Corporate Trust in a business development role covering the CLO market and 19 years at BNY Mellon in various corporate trust and custody capacities and roles.
Lynch is a seasoned banking executive who has worked in senior-level capacities across multiple business lines. She has a significant background and expertise in the levered loan and custodial markets and services.
About Western Alliance Bancorporation
With more than $70 billion in assets, Western Alliance Bancorporation (NYSE:WAL) is one of the country's top-performing banking companies. Through its primary subsidiary, Western Alliance Bank, Member FDIC, clients benefit from a full spectrum of tailored commercial banking solutions and consumer products, all delivered with outstanding service by industry experts who put customers first. Major accolades include being ranked as a top U.S. bank in 2023 by American Banker and Bank Director and receiving #1 rankings on Institutional Investor's All-America Executive Team Midcap 2023-2024 for Best CEO, Best CFO, Best Company Board of Directors and Best Investor Relations Team. Serving clients across the country wherever business happens, Western Alliance Bank operates individual, full-service banking and financial brands with offices in key markets nationwide. For more information, visit Western Alliance Bancorporation.
About Western Alliance Trust Company, N.A.
Western Alliance Trust Company, N.A., a wholly owned subsidiary of Western Alliance Bancorporation, is a premier provider delivering corporate trust services and levered loan administration solutions to help customers achieve their asset management strategies. Clients benefit from the team's deep expertise in levered loan facility administration and loan administration, state-of-the-art, proprietary digital platform and outstanding, personalized attention. Products and services offered by Western Alliance Trust Company are NOT FDIC insured, NOT bank guaranteed and MAY lose value. For more information, visit Western Alliance Trust Company.
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SOURCE: Western Alliance Bancorporation
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Stephanie Whitlow [swhitlow@westernalliancebank.com]
COMTEX_451958248/1006/2024-05-06T08:33:00
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