Flagstar Bank named Michael adler Executive Vice President and Head of Wholesale Banking, which encompasses all of the business client coverage teams, cash management sales, commercial real estate, as well as non-mortgage capital markets and non-consumer areas such as forex / swaps.
“We are delighted to have someone with Michael’s experience to lead and develop our wholesale banking business,” said Reggie Davis, President of Banking Services at Flagstar.
In his new role, he will be responsible for transforming Flagstar’s business operations into a scalable platform supporting a national growth strategy to include lending, treasury management and capital markets serving middle and middle customers. .
Adler brings to Flagstar over 30 years of experience in building and growing commercial banking, corporate banking, specialty lending and capital markets business units on a regional and national basis. He has spent the last 11 years at BBVA United States (now known as PNC Bank), and the last five as head of investment banking and capital markets and as a member of the board of directors. He began his career at Bank of America in mid-market lending and has held executive positions at GE Capital, Fleet Bank, Goldman Sachs and other financial institutions.
“Wholesale banking is an exciting growth opportunity for Flagstar, and Michael brings a proven track record of building, growing and leading high-performing banking teams and driving profitable growth,” said Davis .
Applying their lifelong skills and corporate banking knowledge will help Flagstar achieve their goal of expanding their platform.