b1BANK Hires Gerrit van de Wetering to Launch Derivative Solutions Services
02 Noviembre 2023 - 4:19PM
Jerry Vascocu, Chief Administrative Officer for b1BANK, the banking
subsidiary of Business First Bancshares, Inc. (Nasdaq: BFST),
announced the hire of Gerrit van de Wetering as Managing Director
of Derivative Solutions. van de Wetering is tasked with launching
b1BANK’s derivatives products and services, which will provide
clients with more flexibility managing interest rate risks.
“Gerrit’s expertise in capital markets, specifically in fixed
income and derivatives, will provide our clients with options that
can help support their interest rate risk management,” said
Vascocu. “Our new derivative product line will also be available to
our network of commercial bank clients we serve through our
Financial Institutions Group and subsidiary, Smith Shellnut Wilson,
LLC.”
Gerrit has held positions at Derivative Path, BMO Capital
Markets, Morgan Keegan and Company, BankOne and ABN Amro. During
his career, van de Wetering covered both corporate borrowers and
financial institutions (regional and community banks) for interest
rate, currency and commodity hedging. While at BMO and Morgan
Keegan, he founded and developed community bank outsource hedging
programs, developed technology platforms to support swap business
activity, and is considered an expert in FAS 133 / ASC 815
derivative accounting.
“b1BANK is on an exciting trajectory. The energy everyone has
working towards a shared goal and vision is contagious, you can’t
help but want to be part of it,” said van de Wetering. “I am
joining a team of knowledgeable bankers that are eager to launch an
interest rate derivative product line and grow these products and
services over time. I am looking forward to seeing what the bank
looks like in five years.”
“We are looking forward to partnering with Gerrit,” said Frank
Smith, III, Smith Shellnut Wilson Principal. “His experience in
developing capital market products for commercial banks will
enhance our client offerings and deepen our relationships.”
van de Wetering earned a Master of Business Administration with
a focus in Finance from Loyola University, Chicago, and Bachelor of
Arts in Political Science from University of Iowa. He holds a
series 7 and 63 FINRA registrations.
About Business First Bancshares, Inc.Business
First Bancshares, Inc., (Nasdaq: BFST) through its banking
subsidiary b1BANK, has $6.5 billion in assets, $6.0 billion in
assets under management through b1BANK’s affiliate Smith Shellnut
Wilson, LLC (SSW) (excludes $0.9 billion of b1BANK assets managed
by SSW) and operates Banking Centers and Loan Production Offices in
markets across Louisiana and the Dallas and Houston, Texas areas,
providing commercial and personal banking products and services.
Commercial banking services include commercial loans and letters of
credit, working capital lines and equipment financing and treasury
management services. b1BANK was awarded #1 Best-In-State Bank,
Louisiana, by Forbes and Statista, and is a multiyear winner of
American Banker’s “Best Banks to Work For.” Visit b1BANK.com for
more information.
###
Misty Albrecht
b1BANK
225.286.7879
Misty.Albrecht@b1BANK.com
Business First Bancshares (NASDAQ:BFST)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Business First Bancshares (NASDAQ:BFST)
Gráfica de Acción Histórica
De May 2023 a May 2024