Edward J. Wehmer opened Lake Forest Bank & Trust, the first Wintrust Community Bank location, in 1991 as an alternative to big banks. Join us for a fireside conversation where Wehmer, CEO & founder of Wintrust, will discuss the challenges related to COVID-19, including slowing loan growth (comparing residential vs commercial), defaults and subsequent increase of loan loss provisions. Wehmer will provide his outlook for the financial space as we continue to deal with the pandemic and will also discuss:
- Challenges in the low interest rate market and his forecast
- Growing the bank organically versus through acquisition and the type of macro environment that caters to each
- Large banks versus community banks
- Wintrust’s marketing push in recent years and their strategy behind increasing visibility
- If he expects further consolidation in the banking world and the overall landscape
- If there is space for small community banks in the future
- The growing trend of digitalization of banks, the challenges he sees and Wintrust’s strategy behind the movement
Members - FREE
Nonmembers - FREE
CFA Institute Qualified Activity: Eligible for 1 credit hour
Zoom login information will be provided in the reminder email closer to the event.
Registration closes at 5:00 PM on November 3, 2020.
9:00 am - 10:00 am CST: Program
Please log in a few minutes early to test your video and internet connections.
*Distribution of presentation slides is at the discretion of the speaker and may not be available for this event
Edward J. Wehmer, CEO and founder of Wintrust, is responsible for overseeing the execution of the day-to-day operations and strategic initiatives of the organization. Wehmer is the only member of the Board who is also a manager of the Company. As such, he provides views of Company management and substantial insight into Company operations, as well as historical context for the Board’s discussions.
The idea for Wintrust began over a card table, a few cold beers, and the thought of being the alternative to the big banks. Seeing a real need for a return to true community banking and personalized service in the area, Lake Forest Bank & Trust Company, the original Wintrust Bank, opened in December 1991. More banks in the Chicago suburbs followed, each with the same mission and with bankers who believed in that mission. After 20 years of exceptional growth, Wintrust saw an opportunity to serve the many diverse neighborhoods in the heart of Chicago, and Wintrust Bank was established.
Wehmer serves on several boards in the area, including Northwestern Memorial Foundation and the Archdiocese of Chicago. He and his wife, Dorothy, are involved in many charitable organizations in the Chicagoland area.
Nick Vassilos, CFA, is a vice president and head of risk and performance analytics for Charles Schwab Asset Management Solutions (SAMS). He is responsible for SAMS’s investment and operational risk management function through measuring and monitoring portfolio risks and maintaining best in class operational risk processes and standards. He is also responsible for the team providing performance, attribution, and competitive analysis.
Vassilos has over 15 years of experience in risk management. Prior to joining Charles Schwab in 2018, he was the global portfolio acquisition and analytics leader at Morningstar. In this role he drove portfolio data improvements and generated new multi-asset analytics. Prior to that he managed his own equity options focused fund, Wave Options. Preceding this experience, he worked at Citigroup in London, where he started the company’s European Delta One trading desk.
Vassilos earned a Bachelor of Science in finance from the University of Virginia’s McIntire School of Commerce. He is a CFA charterholder.
*Special Notes Regarding Fees:
This event is complimentary for both members and nonmembers. Registration online is required and closes at 5:00 PM on November 3, 2020.
CFA Institute CE Qualified Activity
This program qualifies for credit under the guidelines for the CFA Institute Professional Development Program.