WILMINGTON, Del.--(BUSINESS WIRE)--Aug. 21, 2024--
WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce Randy Royther as Senior Vice President, Director of Interest Rate Hedging, reporting to Neil Orechiwsky, Senior Vice President and Managing Director of Capital Markets.
Royther will be responsible for leading the Interest Rate Derivatives team while driving business development efforts with relationship bankers and their Customers to expand the use of these important risk mitigation structuring capabilities.
“We’re excited to bring a leader of Randy’s capability into our Capital Markets team as his background enables him to deliver tremendous perspective and product expertise to our Customers,” said Orechiwsky. “WSFS Bank’s dedicated Capital Markets team works with borrowers that have interest rate exposures by developing risk management strategies in coordination with their banking teams. These innovative capabilities enable our borrowers to better manage their financing costs and risk tolerances. Randy brings decades of experience and broad markets knowledge to this important component of our credit offering.”
Royther will have responsibility for day-to-day sales and trading activities and will be primarily focused on liaising with Customer-facing bankers in the Commercial, Wealth, and Consumer divisions to provide product education, markets insights, and structuring expertise to internal and external audiences.
“I’m excited to be joining the already strong Interest Rate Derivatives team at WSFS where we have the capability to provide the full suite of lending and hedging solutions needed by borrowers along with best-in-class service,” said Royther.
Before joining WSFS, Royther built and led capital markets teams and interest rate hedging programs for several regional banks headquartered in the southeastern U.S., most recently with South State Bank in Charlotte, North Carolina. He has also led fixed income portfolio management teams at Bank of America and Bank of Montreal / Harris Bank after beginning his career on the trading floor of the Chicago Board Options Exchange.
Royther earned a master’s degree in finance and marketing from the Kellogg School of Management at Northwestern University and a bachelor’s degree in economics from the University of Colorado. Royther is a native of Colorado and now resides in King of Prussia, Pennsylvania.
About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of June 30, 2024, WSFS Financial Corporation had $20.7 billion in assets on its balance sheet and $84.9 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (39), New Jersey (14), Florida (2), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust®, The Bryn Mawr Trust Company of Delaware, Cash Connect®, NewLane Finance®, Powdermill® Financial Solutions, WSFS Institutional Services®, WSFS Mortgage®, and WSFS Wealth® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20240821312852/en/
Media Contact:
Andrew Davison
(215) 309-1064
adavison@wsfsbank.com
Source: WSFS Financial Corporation
