WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), is pleased to announce the expansion of its Capital Markets team with the hires of Michael Burnap and Christian Gil as Senior Vice Presidents, Directors of Trade Finance, reporting to Neil Orechiwsky, Senior Vice President and Managing Director of Capital Markets.
“WSFS is committed to being the premier provider of international services to our Customers and the markets we serve,” Orechiwsky said. “Trade Finance plays a critical role in facilitating international commerce as tools for payment, capital, and liquidity optimization. The addition of Michael and Christian as co-leaders of the Trade Finance team in Capital Markets, in combination with our Foreign Exchange business, demonstrates WSFS’ focus on delivering these differentiating capabilities to the small and midsized businesses who often lack access to these necessary resources. We’re thrilled to welcome industry leaders of their character and expertise into our organization.”
Burnap will leverage his more than 30 years of trade and payments experience as the operational leader for all Trade Finance services and continue to develop the letter of credit and Trade Finance product capabilities at WSFS.
“I am excited to join WSFS Bank and be a part of the International Services team,” Burnap said. “With its in-house trade finance experts, WSFS Bank is ideally situated to help small and midsized companies take advantage of the international trade products to grow their business and thrive in the years to come.”
Prior to joining WSFS, Burnap managed Global Trade Services daily operations for US Bank supporting daily Commercial and Standby Letter of Credit and Documentary Collections processing. He previously managed the Correspondent Banking and Payments Operations team at BBVA Compass in addition to numerous trade operational leader roles earlier in his career.
He graduated with an MBA from the University of Southern California and a BA in Mandarin Chinese from the University of Colorado.
Gil will serve as the revenue and sales leader for the Trade Finance team. He will work with internationally active Customers and their relationship bankers in originating trade and working capital solutions for the Commercial, Consumer, and Wealth segments alike.
“I am excited to be part of WSFS’ vision to empower Customers in achieving their international markets potential,” Gil said. “Trade Finance often serves as a crucial missing link for companies seeking to reach regional and global clients and suppliers. I am eager to provide the solutions they need.”
Prior to joining WSFS, Gil spent nearly two decades as a customer-facing leader in structured trade and commodity finance sales with multi-national banks such as MUFG Union Bank and BBVA where he covered different industries within the North and Latin American markets.
Gil has an MBA in Finance from the Gabelli School of Business at Fordham University and a BS in Business from ICESI University.
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.
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Contacts
Media Contact: Andrew Davison
(215) 309-1064
adavison@wsfsbank.com
