On January 25, Dallas-based Texas Capital Bank NA and its parent company, Texas Capital Bancshares Inc., announced executive leadership appointments, effective immediately, to support long-term strategy development.
Nancy McDonnell has been appointed to the newly created position of executive vice president/head of treasury services. She will lead all aspects of Texas Capital Bank’s treasury and liquidity businesses. McDonnell served at JPMorgan Chase & Co. from 1988 to 2020. Over the past three decades, she has held a variety of senior leadership roles, including as global head of commercial banking treasury and security services for nine years. She previously served as head of sales for treasury services for clients in middle-market, health care, real estate and the public sector for all domestic markets and other senior client roles. Prior to joining JPMorgan Chase & Co., McDonnell served as vice president for Bank of America Dallas.
McDonnell received a BBA degree from Texas Tech University. She currently serves as treasurer for the Women’s Council of the Dallas Arboretum and as a board member for Wesley Rankin Community Center, a faith-based organization serving West Dallas.
Tim Storms has been appointed to the newly created position of executive vice president/head of risk transformation. He will provide strategic support to the risk management team, which includes John Turpen, chief risk officer. Storms served at JPMorgan Chase & Co. from 1981 to 2019, most recently serving as chief risk officer of commercial banking’s real estate businesses from 2015 to 2019. Prior to that, he held several key executive positions, including chief credit officer of commercial banking, as well as head of risk management for corporate clients and real estate across North America for investment banking. Storms was also a member of numerous committees, including the risk operating committee of investment banking and commercial banking. In his new role, he will be focused on maintaining an effective control environment for all Texas Capital Bank risk while reinforcing strong practices and discipline across the organization.
Storms received a BA degree in economics and psychology from Wesleyan University, as well as an MBA degree in corporate finance from Columbia University.
Both McDonnell and Storms will report directly to Rob C. Holmes, president and CEO.
“I am pleased to welcome two strong executives of impeccable character, each of whom brings decades of experience and records of demonstrated success across global platforms,” Holmes says. “I am confident that we will benefit from their expertise and leadership as we begin our deep dive into Texas Capital Bank’s operations and identify our most significant opportunities in this next chapter for the company. We are all energized and ready to learn more about this organization, and begin building a strategy that will achieve our long-term goal of returning the company to strong, predictable earnings growth and driving shareholder value while delivering an enhanced experience to our clients.”
“This is an exciting time to be a part of Texas Capital Bank and join a team that is committed to providing important treasury and liquidity management services to a diverse and evolving client base,” McDonnell says. “Texas Capital Bank plays a critical role in providing innovative solutions as well as treasury management services to clients navigating this challenging period and beyond.”
“I am confident that we can ensure best-in-class risk management across all our products and services in this increasingly complex environment while building a solid foundation for future growth and value creation,” Storms says.
“Over the past two years, our team has made substantial progress in upgrading Texas Capital Bank’s risk management system,” Turpen says. “Tim brings unmatched risk and compliance acumen and a commitment to talent development, and I look forward to working with him as we continue to execute on our journey to building a resilient and scalable business.”
Established in 1997, Texas Capital Bank has locations in Austin, Dallas, Fort Worth, Houston and San Antonio.