CEO, PRESIDENT, BANC OF CALIFORNIA
WHY: Took over OC’s second-largest bank in 2019. In first year, focused on cutting costs, convincing top tier executives to join him. Told Business Journal that the bank would concentrate on the real estate and health industries going forward.
RECENT: Latest break from bank’s prior executive team is ending naming rights deal for the home of Major League Soccer’s Los Angeles Football Club. Taking a roughly $26M charge; ending the deal should save bank about $87M over the next 12.5 years.
QUOTABLE: “We’re focused on lending to people we know. Lending to sophisticated real estate investors is something I’ve done at all the banks I’ve been at.”
