EverBank lands five for emerging fund finance arm

New hires worked at Wells Fargo, Bank of America, First Republic and Silicon Valley Bank.

EverBank is building out its recently launched fund finance arm with five seasoned hires.

The bank said it added four out of five as directors: Gabrielle Buckner, Chris Grier, Storey Whalen and Alexa Schult. The fifth, Ryan Burke, has joined as vice-president.

The new hires come with experience from several prominent banks involved in fund finance.

Buckner previously worked at Wells Fargo as a director and has a decade of experience, while Burke was also with the bank and joins with a five-year industry track record. Jeff Johnston, EverBank’s fund finance co-head, founded and was in charge of Wells Fargo’s fund finance division.

Schult and Whalen previously worked at First Republic, which was acquired by JPMorgan Chase in May as a rescue amid the regional banking crisis that roiled the fund finance market. Whalen was most recently a senior director and has a seven-year track record, while Schult was previously a director and has a decade of experience.

Grier has 12 years of industry experience, having previously worked at Silicon Balley Bank – which failed in March as part of the crisis before certain banking operations were acquired by First Citizens Bank – and at Bank of America.

EverBank was previously known as TIAA Bank and was carved out of TIAA this past summer. The bank brought on Johnston and Mike Mascia, a former Cadwalader attorney who chaired its finance practice, to run its fund finance division.