The $809 million Xceed Financial Credit Union in El Segundo, Calif., said it has hired Ray Shams in the newly created position of chief lending officer.
Shams had most recently been senior managing director of Affinity Advisory Group in Los Angeles for the past four years, his new employer said.
He has more than 28 years of finance and banking experience, including stints as investment principal for a national bank and chief lending officer, head of commercial banking and head of private banking for several financial institutions, Xceed Financial said in its announcement on Monday.
At Xceed, Shams will be responsible for consumer and mortgage lending, business services and collections.
“We are operating in a very complex lending environment, and I’m delighted to have such a senior leader join our team,” said Xceed Financial President/CEO Teresa Freeborn.