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.