The $809 million Xceed FinancialCredit Union in El Segundo, Calif., said it has hired Ray Shams inthe newly created position of chief lending officer.
Shams had most recently been senior managing director ofAffinity 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 andchief lending officer, head of commercial banking and head ofprivate banking for several financial institutions, Xceed Financial said in its announcement on Monday.
|At Xceed, Shams will be responsible for consumer and mortgagelending, business services and collections.
|“We are operating in a very complex lending environment, and I'mdelighted to have such a senior leader join our team,” saidXceed Financial President/CEO Teresa Freeborn.
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