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Finance | Insurance 2023: JEFF GRINSPOON
Grinspoon co-founded VWG Wealth Management with John Verfurth and Richard Weeks after leaving his position as senior vice president at Morgan Stanley in 2011. A registered investment adviser, VWG partners with aggregator Hightower Advisors, which manages back-end functions such as regulatory compliance and technology. As of 2022, VWG had more than $2 billion in assets […]
Finance | Insurance 2023: CECILIA A. HODGES
Hodges was promoted to her current post in 2018, after serving as market president for Central and Southern Virginia and real estate banking group vice president. Based in Vienna, she manages teams in more than 60 branches in Virginia and the D.C. metro area. A 35-year banking professional who was managing director of Provident Bank […]
Finance | Insurance 2023: THOMAS RANSON
Growing up in Urbanna, Ransom worked with his hands, doing house-roofing jobs and prepping cars to be painted. He moved into the less physically taxing field of banking when BB&T recruited him out of Hampden-Sydney College, where he earned a bachelor’s degree in economics. He’s worked at the bank, which became Truist following its 2019 […]
Finance | Insurance 2023: SHANE McLAUGHLIN
McLaughlin has been at Wells Fargo for more than 12 years, including six as the bank’s region bank president for Northern Virginia. A Virginia Tech graduate, McLaughlin joined Wachovia as a licensed financial specialist in 2004 and became a Wells Fargo employee when that bank acquired Wachovia in 2008. In 2011, McLaughlin was given leadership […]
Finance | Insurance 2023: ELENA EDWARDS
Edwards joined French travel insurance agency Allianz Partners in 2019 as general manager of the U.S. business unit. She was named CEO of Allianz Partners USA in June 2020 and took on the additional the role of regional CEO for North America in July 2021 before being appointed chief markets officer and a board member […]
Finance | Insurance 2023: FREDRICK D. SCHAUFELD
After graduating from Lehigh University in 1981, Schaufeld took a job selling extended warranties to auto dealers. When he learned his employer hadn’t actually taken out policies on all his clients, Schaufeld went into business for himself, working directly with the insurance company and dealers. That adventure led to Schaufeld launching N.E.W. Customer Services Companies […]
Finance | Insurance 2023: JEAN STACK
In 2018, Stack, John Song and Alex Sevilla left the government services sector at California-based investment bank Houlihan Lokey to lead government services investment banking for Wisconsin-based Robert W. Baird & Co. Stack had worked 23 years at Houlihan Lokey, where she was a founding member of its Aerospace, Defense & Government practice. Her team […]
Finance | Insurance 2023: LAWRENCE ‘LARRY’ DI RITA
Di Rita, who had already had an impressive 25-year career in the Navy and federal government, embarked on a second career as a banking executive when he joined Bank of America in 2006. He was named market president for Greater Washington, D.C., in 2019. From 2001 to 2006, Di Rita served as special assistant to […]
More than bean counters
Chief financial officers have long been tasked with managing the fiscal responsibilities of companies — everything from financial planning to tracking cash flow. But increasingly, other C-suite executives and board members are relying on these finance experts for strategic and operational leadership. In fact, an April 2022 report from global consulting firm McKinsey & Co. […]
Surge of credit card defaults ahead?
Americans owe an all-time high of nearly $1 trillion on their credit cards, setting the stage for a possible surge in consumer delinquencies and defaults. “There are nascent signs of trouble brewing,” investment firm Glenmede Trust Co. warned in an April research note. “An ever–larger share of credit balances have transitioned to early stages of […]
Building equity
When BB&T recruited Thomas Ransom, a Black economics student at Hampden-Sydney College, to join its management development program in the late 1990s, he quickly had to pick up the world of banking and its culture. The Urbanna native says he’d never met a banker before starting at BB&T and certainly didn’t know what moves to […]
Atlantic Union to acquire American National Bank
Updated 4:15 p.m. July 25 Richmond-based Atlantic Union Bank’s parent company announced Tuesday that it has entered into an agreement to acquire American National Bankshares Inc., which is headquartered in Danville and is the holding company of American National Bank and Trust Co. The combined bank will have total assets of $23.7 billion as of […]
