HomeStreet Inc. has appointed Sandra Cavanaugh to its board of directors and the board of directors for HomeStreet Bank.
Cavanaugh previously served as CEO and president of U.S. Private Client Services at Russell Investments. From 2010-16, she oversaw the firm's $45 billion mutual fund business and all adviser-sold business in the U.S. She has also held senior executive positions at Sun Trust Bank, Washington Mutual and JP Morgan Chase.
”Sandra will complement our board with her deep experience in the banking and financial institutions industries, specifically her background in asset management and financial product creation and distribution,” HomeStreet lead independent director Scott Boggs said. “Her skills and experience are a natural fit to our board and her commitment to serving the community perfectly aligns with HomeStreet’s values."
Cavanaugh has been a financial consultant since her retirement from Russell Investments.
“I am excited to be joining the HomeStreet Board and to bring my expertise and perspective to help inform the strategic goals of the company,” she said Sandra. “HomeStreet’s achievement converting from a troubled thrift to a diversified commercial and consumer bank has been impressive, and I look forward to assisting the company in furthering this transformation and enhancing shareholder value.”
Based in Seattle, HomeStreet specializes in commercial and mortgage banking services.