Michael Paul Reed has joined Wilmington-based WSFS Bank, the primary subsidiary of WSFS Financial Corporation, as executive vice president, chief risk officer. Reporting to WSFS’ CEO, President and Chairman Rodger Levenson, Reed will lead all risk management functions including credit risk management, enterprise risk management, real estate services, asset recovery, legal, internal audit, loan review and regulatory compliance.
“Michael’s 20-year relationship with WSFS and his transparent, collaborative working style make him an ideal cultural fit,” said Levenson. “His strategic thinking, ability to balance measured risk with risk management, and deep knowledge of regulatory and compliance frameworks make him uniquely suited for this role.”
Reed joins WSFS with more than 23 years’ experience providing legal and strategic advice. Most recently, he served as a partner in the financial services and corporate groups at Covington & Burling, LLP, a global law firm with a significant presence in financial services.
Reed said, “Given the growth the bank has experienced the past several years, WSFS is well-positioned going forward for significant and strategic growth in the rapidly changing landscape of the financial services industry.”
Reed holds a Masters of Law degree in banking and securities from Boston University, a Law degree from the University of Western Ontario and an undergraduate degree from Wilfrid Laurier University.
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