The $2.4 billion Affinity Federal Credit Union in Basking Ridge,N.J., said it has hired Wall Street banker Scott Witherspoon as the132,600-member credit union's new senior vice president and chiefcredit officer.
|Witherspoon has been with Morgan Stanley for the past 20 years,most recently as managing director, credit risk management,Affinity said. He was responsible for managing U.S. credit risk ona full array of lending programs in the firm's Global WealthManagement Group, his new employer said.
|Witherspoon also oversaw Community Reinvestment Act wholesalelending for Morgan Stanley with a focus on affordable housing andeconomic development.
|At Morgan Stanley, he also contributed to two chapters in thebook “The Morgan Stanley Guide to Personal Investing” by RobertGardiner, former chairman and CEO of Dean Witter Financial ServicesGroup, Affinity FCU said.
|“Scott is a business-savvy financial strategist with over 30years of experience as an executive leader in the financialservices industry,” said Affinity President/CEO John Fenton.
|“In his new role, he will be responsible for the overall growthand success of Affinity's consumer and business lending, loanservicing and member care business units,” Fenton said.
|Witherspoon succeeds Robert L. Birkhahn, who passed away inJanuary, Affinity FCU said.
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