Piermont Bank adds chief credit and payments officers
Bank’s chief growth officer role was also expanded
Piermont Bank added to its C-suite in March as the cloud-native bank continues to scale.
The bank made the following appointments:
- Derrick Cornelious, chief credit officer;
- Dennis Day, chief payments officer; and
- Wenni Wu, chief growth officer’s role expanded to include all deposit-related businesses.
“The expansion of our leadership team reflects Piermont’s continued growth and our commitment to innovation across embedded banking, payments infrastructure, and next generation lending,” Chief Executive Wendy Cai-Lee said in a recent release.
Cornelious previously worked at First Republic Bank and BNY Mellon, according to the release. He will oversee the bank’s overall credit strategy and risk management framework, with a focus on innovating lending solutions.
Day joins Piermont from Community Federal Savings Bank, and Wu has been at Piermont since before the bank officially opened in 2019, according to the release.
“At a time when technology is rapidly reshaping financial services, Piermont’s approach is to combine cloud-native infrastructure, AI-driven insights, and thoughtful relationship banking,” Cai-Lee said in the release.
Cai-Lee spoke at this month’s FinAi Banking Summit.
Read more about the FinAi Banking Summit.
She shared that the bank is implementing the following AI strategy:
- Getting AI into the hands of AI leaders;
- Innovating around client needs.
Register here for the upcoming FinAi Lending Summit, set for Oct. 7-8 in Las Vegas.
