Encore Bank Appoints Eric Movassaghi as New Chief Financial Officer
TL/DR –
Encore Bank has named Eric Movassaghi as its new CFO, where he’ll steer the bank’s financial strategy. Movassaghi, who previously served as CFO of First National Bank of Louisiana and spent 16 years as part of IBERIABANK’s finance team, brings over 20 years of banking sector experience. Former CFO Jeff Stevenson has been appointed as the chief accounting officer, responsible for financial reporting, accounting operations, compliance, and internal controls.
New CFO Appointed by Encore Bank
Arkansas-based Encore Bank announced Eric Movassaghi’s appointment as its new CFO on February 5. Movassaghi will guide the bank’s financial strategy as they continue to broaden their financial products and services.
With over 20 years of executive leadership, Movassaghi’s past roles include CFO at First National Bank of Louisiana and a pivotal role at IBERIABANK. He propelled the treasury department’s asset growth from $2 billion to $30 billion during his 16 years there. Movassaghi is a Duke University engineering graduate and holds an MBA from A.B. Freeman School of Business, Tulane University, New Orleans.
“I’m excited to join the impressive team at Encore Bank, leveraging their advanced technology to shape our unique vision,” expressed Movassaghi.
Jeff Stevenson, the outgoing CFO, will serve as the chief accounting officer, focusing on financial reporting, compliance, and internal operations.
Encore Bank’s CEO, Phillip Jett, believes Movassaghi’s appointment is a testament to their commitment towards building a leading team. “His financial acumen will complement Jeff’s leadership, ensuring Encore’s financial agility and innovation as we advance our offerings,” he stated.
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