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Backlash over books about race, gender hits Texas schools. The first week, Holmes implemented quarterly business reviews, something the bank had never done. The new head of treasury services, Nancy McDonnell, also worked at JPMorgan until she retired in , serving as global head of commercial banking treasury and security services and other senior client roles. The bank also recently announced its latest hires lineup: a senior manager of diversity, equity and inclusion; a chief information officer; and a president of mortgage finance.
Holmes also has implemented a junior program for the first time at the bank. The bank has a total of 1, employees. I think it will be a huge dividend payer in all facets as we move forward, short and long term. The bank also will be making a lot of investments over the next three months. It plans to re-underwrite all of its tech investments as well as other large-dollar, high-value investments. It will decide which platforms it needs to upgrade and which it needs to buy new.
It will shrink its number of vendors. And it will add staff and improve benefits and training for employees. These next decisions will culminate in the third quarter, when Holmes will release a report about the gaps the bank found in its assessment, he said.
Holmes said with his background, there was never a question that he had the expertise to do this job. And so do our clients. Natalie Walters , Money Reporter. Natalie is an award-winning reporter who covers banks, specialty lenders, wealth management, private equity and other money topics for the Dallas Morning News. Become a business insider.
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