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Fulton Financial appoints interim CFO and new CRO

EditorLina Guerrero
Published 02/09/2024, 05:41 PM
Updated 02/09/2024, 05:41 PM
© Reuters.

LANCASTER, Pa. - Fulton Financial (NASDAQ:FULT) Corporation (NASDAQ:FULT) has undergone a significant shift in its executive team with the appointment of Betsy Chivinski as the interim Chief Financial Officer (CFO) and Atul Malhotra as the new Chief Risk Officer (CRO). These changes follow the resignation of former CFO Mark McCollom on Thursday.

Chivinski, who has been with Fulton Financial for nearly 30 years, steps into the interim CFO role with an extensive background in financial services. Her tenure at the corporation includes positions such as Senior Executive Vice President and Chief Risk Officer since 2016, Chief Audit Executive, and Chief Accounting Officer. Prior to her time at Fulton, Chivinski was a senior manager at Arthur Andersen & Co. She is a Franklin & Marshall College alumna, holding a Bachelor of Arts in Accounting.

Chairman and CEO Curt Myers expressed confidence in Chivinski's ability to lead the financial governance of the corporation effectively during the search for a permanent CFO, citing her deep knowledge and leadership skills.

In tandem with Chivinski's appointment, Atul Malhotra has been promoted to the role of CRO, where he will oversee the bank's risk management programs. Malhotra's career spans over two decades, specializing in corporate governance, risk management, and regulatory strategy. Before his promotion, he served as managing director of enterprise risk management and has experience as a regulatory and risk strategy consultant for various publicly traded companies, including large global financial institutions. Malhotra also holds a degree from Franklin & Marshall College in Business Administration and Computer Science and has completed the ABA Stonier Graduate School of Banking.

As the corporation navigates these leadership transitions, Myers has praised Malhotra's extensive experience and anticipates his significant contribution to the company's risk management framework.

Fulton Financial Corporation, based in Lancaster, Pennsylvania, is a financial holding company with assets worth $27 billion. It employs approximately 3,300 people and operates over 200 financial centers across Pennsylvania, Maryland, Delaware, New Jersey, and Virginia through Fulton Bank, N.A.

Fulton Financial Corporation, based in Lancaster, Pennsylvania, is a financial holding company with assets worth $27 billion. It employs approximately 3,300 people and operates over 200 financial centers across Pennsylvania, Maryland, Delaware, New Jersey, and Virginia through Fulton Bank, N.A.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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