RMA to merge with the Bank Administration Institute
20 July 2023 US
Image: bas121/stock.adobe.com
The Risk Management Association (RMA) and the Bank Administration Institute (BAI) have put forward a letter of intent to merge the two organisations.
According to the two organisations, the merger will unite their services and expertise, preserve their common mission and consistent values, and build on the loyalty of their members and customers.
The merger is expected to become effective in December 2023.
BAI is a Chicago-based non-profit organisation that provides research, training and thought leadership events for the financial services industry.
The strategic combination aims to make a “meaningful difference” to how the industry is supported at a time when financial institutions encounter expanding challenges and opportunities.
On the completion of the merger, BAI’s current CEO Debbie Bianucci will become CEO
of the new association.
Nancy Foster, who announced her retirement as RMA’s CEO earlier this year, will transition to an advisory role in 2024.
According to the two organisations, the merger will unite their services and expertise, preserve their common mission and consistent values, and build on the loyalty of their members and customers.
The merger is expected to become effective in December 2023.
BAI is a Chicago-based non-profit organisation that provides research, training and thought leadership events for the financial services industry.
The strategic combination aims to make a “meaningful difference” to how the industry is supported at a time when financial institutions encounter expanding challenges and opportunities.
On the completion of the merger, BAI’s current CEO Debbie Bianucci will become CEO
of the new association.
Nancy Foster, who announced her retirement as RMA’s CEO earlier this year, will transition to an advisory role in 2024.
NO FEE, NO RISK
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
100% ON RETURNS If you invest in only one securities finance news source this year, make sure it is your free subscription to Securities Finance Times
