Appointment of Kim Liao: A New Era for R&T Deposit Solutions

R&T Deposit Solutions Welcomes Kim Liao as New Executive Vice President

R&T Deposit Solutions has announced a prominent addition to its leadership team with the appointment of Kimberley (Kim) Liao as Executive Vice President and Head of Regulatory Relations & Affairs. In her new position, Ms. Liao will be the primary contact between R&T and various financial regulators while overseeing the intricate management of regulatory risks throughout the organization.

Kim Liao's Extensive Background in Financial Regulation

With more than 20 years of experience in the realms of regulatory engagement, banking oversight, and private equity consulting, Ms. Liao comes to R&T from the Federal Reserve Bank of New York. There, she was instrumental in supervising large financial institutions as well as technology service providers. During her tenure, Ms. Liao contributed to progressive initiatives that shaped the regulatory landscape, including a significant study on distributed ledger technologies and the establishment of the New York Innovation Center, a collaborative effort with the Bank for International Settlements (BIS).

Recognition for Leadership and Impact

Her remarkable work did not go unnoticed, as Ms. Liao's leadership in the technology service provider program garnered a nomination for the prestigious William Taylor Award for Excellence in Bank Supervision. This acknowledgment underscores her deep knowledge and influential role in navigating complex regulatory frameworks.

International Engagement and Strategic Initiatives

In addition to her domestic responsibilities, Ms. Liao represented the Federal Reserve Bank of New York on various global working groups focused on open banking, APIs, and digital innovations, affirming her strength and expertise in international regulatory matters. These experiences make her a valuable asset to R&T, especially as the company seeks to stay ahead of the ever-evolving banking industry landscape.

Endorsement from R&T Leadership

R&T's Executive Chairperson, Susan Cosgrove, expressed enthusiasm for Ms. Liao’s appointment, emphasizing that her extensive experience will be pivotal in helping clients remain compliant with regulatory changes and excel amid the shifting financial environment. This strong leadership will undoubtedly bolster R&T’s mission of providing top-notch cash management and deposit solutions.

A Continued Focus on Strategic Growth

Ms. Liao’s appointment is part of R&T’s broader strategy to enhance its leadership framework. Following Susan Cosgrove’s arrival as Executive Chairperson, the company has made several strategic hires aimed at strengthening its executive team. These selections include key positions such as Chief Revenue Officer and Chief Financial Officer, all contributing to a unified goal of optimizing services offered to clients.

The Path Forward for R&T

As R&T positions itself as a leader in the market, the addition of a seasoned expert like Ms. Liao reflects its commitment to regulatory excellence and client service. The collaborative efforts of the newly formed executive team indicate a promising future for R&T Deposit Solutions as it navigates the complexities of cash management services.

About R&T Deposit Solutions

For nearly 50 years, R&T Deposit Solutions has played a pivotal role in the financial services sector, offering cash management and deposit placement services. With advanced tech-enabled offerings, R&T assists various financial institutions, including banks, credit unions, and wealth managers, in efficiently fulfilling their cash sweep and deposit funding objectives.

Recognized for its robust administration of deposit networks, R&T’s Demand Deposit Marketplace program provides critical access to significant reciprocal deposits and aids institutions in fulfilling their deposit insurance requirements. R&T operates as a portfolio company with majority ownership held by private equity firms, thus reinforcing its position as a reliable partner in the industry.

Frequently Asked Questions

Who is Kim Liao?

Kim Liao is the newly appointed Executive Vice President and Head of Regulatory Relations & Affairs at R&T Deposit Solutions, bringing over 20 years of regulatory experience.

What role will Kim Liao play at R&T?

She will oversee regulatory risk management and act as the primary liaison between R&T and financial regulators.

What is the significance of Ms. Liao's appointment?

Her appointment enhances R&T’s ability to navigate complex regulatory landscapes, especially as the financial industry continues to evolve.

How does R&T ensure compliance?

R&T's leadership team, including Kim Liao, works tirelessly to maintain up-to-date regulatory practices and ensure client compliance in the cash management sector.

What services does R&T Deposit Solutions provide?

R&T offers cash management and deposit placement programs aimed at financial institutions, helping them meet their operational and regulatory needs effectively.

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