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 鈥渕eaningful difference鈥� to how the industry is supported at a time when financial institutions encounter expanding challenges and opportunities.
On the completion of the merger, BAI鈥檚 current CEO Debbie Bianucci will become CEO
of the new association.
Nancy Foster, who announced her retirement as RMA鈥檚 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 鈥渕eaningful difference鈥� to how the industry is supported at a time when financial institutions encounter expanding challenges and opportunities.
On the completion of the merger, BAI鈥檚 current CEO Debbie Bianucci will become CEO
of the new association.
Nancy Foster, who announced her retirement as RMA鈥檚 CEO earlier this year, will transition to an advisory role in 2024.
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