Texas Capital Bank and its parent company Texas Capital Bancshares announced Tim Storms has been named chief risk officer of both companies.
Storms replaces John Turpen, who will continue with the company until March 31 to ensure an effective transition. Storms will report directly to Rob Holmes, president and CEO of Texas Capital Bank and Texas Capital Bancshares.
Storms, who most recently served as chief risk officer of the commercial banking’s real estate businesses at JPMorgan Chase, was appointed executive vice president, head of risk transformation at Texas Capital Bank in January 2021. Since that time, he has been working closely with Turpen and the risk management team to immerse himself in the organization and its approach to risk management.
As chief risk officer, Storms will manage all risk functions, enterprise risk management practices and programs, and regulatory compliance. He will be responsible for the strategic development and execution of continued enhancements to the company’s risk management culture and capabilities that will further optimize proactive risk assessment and mitigation. As chair of the executive risk committee, Storms will oversee the risk management framework and the bank’s risk appetite statements.
Texas Capital Bank also announced the appointment of Shannon Jurecka to the newly created position of chief human resources officer, effective April 1. Jurecka will advance the company’s commitment to developing world-class talent and a high-performance culture and will also report to Holmes.