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RMA Appoints Former CIT Chief Risk Officer President & CEO

October 05, 2017, 07:00 AM

Nancy J. Foster plans to join RMA November 28, 2017 and will be appointed President and CEO of The Risk Management Association (RMA), effective January 1, 2018. The announcement was made today by Robert R. Messer, RMA Chair.

Foster had been Executive Vice President and Chief Risk Officer of Park Sterling Bank headquartered in Charlotte, North Carolina since 2010, most recently overseeing management of the bank’s retail, mortgage, and wealth management lines of business, as well as credit and marketing.

Foster was previously Chief Risk Officer of CIT Group, Inc., where she was responsible for global, enterprise-wide risk management.

Prior to joining CIT, Foster was Group Senior Vice President at LaSalle Bank Corporation, a wholly owned subsidiary of ABN AMRO, NV. During her tenure at LaSalle, she held several roles of increasing responsibility in middle market lending and credit risk management.

Past RMA Chair J. Tol Broome, Jr., CRC, who chaired the committee that conducted the nationwide search said, “We are excited about having Nancy Foster join as President and CEO. She has consistently demonstrated her commitment and ability to make insightful contributions during her more than 20-year engagement with the Association.” In addition to having been an active chapter member, she served on the Risk Management Association’s Credit Risk, Community Bank, and Enterprise Risk Management councils. She was elected Vice Chair of the Board of Directors in 2013 and Chair in 2014.

Foster will be the ninth chief executive of RMA since its founding in 1914 and the first woman President and CEO of the Association.  She succeeds William F. Githens who earlier this year had informed the Board of Directors of his plans to retire at the end of 2017 after 20 years of service with the Association and almost 50 years of service to the industry. He has served as President and CEO since January 2010.

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