Amalgamated Financial Corp. Appoints Julieta Ross and Scott Stoll to its Board of Directors
17 November 2023 - 8:30AM
Amalgamated Financial Corp. (“Amalgamated” or the “Company”)
(Nasdaq: AMAL) today announced it has appointed Julieta Ross and
Scott Stoll as its newest members to the Company’s Board of
Directors, effective immediately.
Dr. Ross has an extensive background in the
broader financial services risk management landscape, with over 20
years of global banking technology leadership and experience. With
a proven track record of building and scaling businesses while
leveraging digital technologies, she offers a vast understanding on
the integration of new technology perspectives in the process of
building market-leading banking platforms and avant-garde digital
capabilities.
Mr. Stoll is a recognized leader with over 40
years of experience in the banking, insurance, and asset management
industries, occupying various board and senior leadership roles
over the course of his career. Of particular significance is the
role he played in the expansion of Ernst & Young LLP’s
financial services consulting capabilities, where he founded EY’s
asset liability management advisory practice and played a
leadership role in building teams serving EY’s global and national
financial services clients.
Lynne Fox, Board Chair, commented, “Julieta and
Scott bring impressive track records in the broader financial
services and banking sectors to Amalgamated’s board of directors,
making them the ideal candidates for this role. I am looking
forward to working alongside them and benefiting from their
extensive experience as we focus on further advancing our value
creation initiatives.”
Priscilla Sims Brown, President and Chief
Executive Officer of Amalgamated, added, “I am thrilled to welcome
Julieta and Scott to the Amalgamated Board. Julieta has
demonstrated expertise and leadership across the broader financial
services risk management landscape, playing a vital role in the
integration of new digital technologies within the banking sector,
and beyond. Scott has been a pioneer in the broader financial
sector and was instrumental in scaling EY’s banking advisory
practices in addition to occupying various leadership roles in the
insurance industry. I look forward to partnering with Julieta and
Scott as we continue to accelerate our ‘Growth for Good’ strategy
to deliver value for all of our stakeholders.”
Dr. Ross is the Co-Founder and Chief Executive
Officer of Okee Labs, an AI startup launched in 2019. She oversees
all aspects of the company’s operations, including product
development, research, and customer acquisition. Prior to this
role, Dr. Ross was the Global Chief Technology Officer at Banco
Santander from 2017 to 2019, Global Chief Technology Officer at
M&T Bank from 2014 to 2017 and held various international roles
for Citi from 2000 to 2014 ultimately being named Chief Technology
Officer for Latin America. She has a proven track record building
and scaling businesses, leveraging digital technologies to reduce
cost, drive customer experiences and improve productivity.
Additionally, Dr. Ross has served on the boards
of private and non-profit companies including Santander Consumer
Finance, Mastercard Advisory Board, AAA Western and Central New
York, Sheltered Harbor, Roswell Park Comprehensive Cancer Center
and Row New York. Dr. Ross is a founding member of the Sheltered
Harbor Board.
Mr. Stoll is currently serving as the Audit
Committee Chair of Farmers Group, Inc. as well as the Audit
Committee Chair and member of the Executive Committee of Farmers
New World Life Insurance Company, Farmers Group, Inc.’s wholly
owned subsidiary, since 2019. Prior to that, Mr. Stoll spent 36
years working for Ernst & Young where he retired as a partner
in 2018. From 2010 to 2018, Mr. Stoll’s role at EY focused on
financial services and quality assurance, as he was responsible for
EY’s non-audit advisory work at a global systematically important
bank while based in San Francisco. From 2004 to 2010, Mr. Stoll’s
partner role focused on banking, capital markets and insurance when
he played a leadership role in the expansion of Ernst & Young
LLP’s financial services consulting capabilities in Zurich,
Switzerland. Prior to this, Mr. Stoll’s role focused on commercial
banking risk management and asset liability management from 1994 to
2000. He founded EY's asset liability management advisory practice
and was a founding member of EY's U.S. financial services
consulting practice serving numerous super regional banks across
the U.S.
Mr. Stoll also chairs the Strategic Planning
Committee of the Leadership Council of the Schmidthorst College of
Business at his alma mater, Bowling Green State University, where
he advises on strategic initiatives, curricula plan, student
mentorship and faculty engagement.
About Amalgamated Financial
Corp.
Amalgamated Financial Corp. is a Delaware public
benefit corporation and a bank holding company engaged in
commercial banking and financial services through its wholly-owned
subsidiary, Amalgamated Bank. Amalgamated Bank is a New York-based
full-service commercial bank and a chartered trust company with a
combined network of five branches across New York City, Washington
D.C., and San Francisco, and a commercial office in Boston.
Amalgamated Bank was formed in 1923 as Amalgamated Bank of New York
by the Amalgamated Clothing Workers of America, one of the
country's oldest labor unions. Amalgamated Bank provides commercial
banking and trust services nationally and offers a full range of
products and services to both commercial and retail customers.
Amalgamated Bank is a proud member of the Global Alliance for
Banking on Values and is a certified B Corporation®. As of
September 30, 2023, our total assets were $7.9 billion, total net
loans were $4.3 billion, and total deposits were $7.0 billion.
Additionally, as of September 30, 2023, our trust business held
$39.6 billion in assets under custody and $13.9 billion in assets
under management.
Investor Contact:Jamie LillisSolebury Strategic
Communicationsshareholderrelations@amalgamatedbank.com
800-895-4172
Source: Amalgamated Financial Corp.
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