WSFS Bank, the primary subsidiary of WSFS Financial, appointed Randy Royther as senior vice president, director of interest rate hedging, reporting to Neil Orechiwsky, senior vice president and managing director of capital markets.
Royther will be responsible for leading the interest rate derivatives team while driving business development efforts with relationship bankers and their customers to expand the use of these important risk mitigation structuring capabilities.
“We’re excited to bring a leader of Randy’s capability into our capital markets team as his background enables him to deliver tremendous perspective and product expertise to our customers,” Orechiwsky said. “WSFS Bank’s dedicated capital markets team works with borrowers that have interest rate exposures by developing risk management strategies in coordination with their banking teams. These innovative capabilities enable our borrowers to better manage their financing costs and risk tolerances. Randy brings decades of experience and broad markets knowledge to this important component of our credit offering.”
Royther will have responsibility for day-to-day sales and trading activities and will be primarily focused on liaising with customer-facing bankers in the commercial, wealth and consumer divisions to provide product education, markets insights and structuring expertise to internal and external audiences.
“I’m excited to be joining the already strong interest rate derivatives team at WSFS where we have the capability to provide the full suite of lending and hedging solutions needed by borrowers along with best-in-class service,” Royther said.
Before joining WSFS, Royther built and led capital markets teams and interest rate hedging programs for several regional banks headquartered in the southeastern U.S., most recently with South State Bank in Charlotte, North Carolina. He has also led fixed income portfolio management teams at Bank of America and Bank of Montreal / Harris Bank after beginning his career on the trading floor of the Chicago Board Options Exchange.
Royther earned a master’s degree in finance and marketing from the Kellogg School of Management at Northwestern University and a bachelor’s degree in economics from the University of Colorado. Royther is a native of Colorado and now resides in King of Prussia, Pennsylvania.
