People: BankUnited Inc (BKU)
BKU on New York Consolidated
24.71USD
23 May 2013
24.71USD
23 May 2013
Price Change (% chg)
$-0.14 (-0.56%)
$-0.14 (-0.56%)
Prev Close
$24.85
$24.85
Open
$24.71
$24.71
Day's High
$24.80
$24.80
Day's Low
$24.42
$24.42
Volume
263,039
263,039
Avg. Vol
741,481
741,481
52-wk High
$28.69
$28.69
52-wk Low
$22.01
$22.01
Summary
| Name | Age | Since | Current Position |
|---|---|---|---|
John Kanas |
66 | 2009 | Chairman of the Board, President, Chief Executive Officer |
John Bohlsen |
69 | 2009 | Vice Chairman of the Board, Chief Lending Officer |
Leslie Lunak |
2013 | Chief Financial Officer, Executive Vice President, Chief Accounting Officer | |
Rajinder Singh |
41 | 2009 | Chief Operating Officer |
Randy Melby |
55 | 2011 | Senior Executive Vice President, Chief Risk Officer at BankUnited |
Joseph Kissel |
2012 | Chief Information Officer | |
Chinh Chu |
46 | 2009 | Independent Director |
Sue Cobb |
73 | 2010 | Independent Director |
Eugene DeMark |
65 | 2010 | Independent Director |
Richard LeFrak |
2009 | Independent Director | |
Thomas O'Brien |
61 | 2012 | Independent Director |
Wilbur Ross |
75 | 2009 | Independent Director |
Pierre Sarkozy |
42 | 2009 | Independent Director |
Lance West |
51 | 2009 | Independent Director |
Biographies
| Name | Description |
|---|---|
John Kanas |
Mr. John Adam Kanas is Chairman of the Board, President, Chief Executive Officer of BankUnited Inc., since May 2009. Mr. Kanas served as the Chairman of Executive Committee up until the time the Committee was eliminated in February 2012 as part of its conversion to a national bank. Prior to joining BankUnited, Mr. Kanas was President and Chief Executive Officer of North Fork Bancorporation, Inc. from 1977 until its acquisition by Capital One in December 2006, at which time North Fork was one of the top 25 bank holding companies in the United States. He also served as Chairman of North Fork from 1986 to 2006. In December 2006, he became President of Capital One's banking segment, which included North Fork, the former Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. Mr. Kanas retired from that position in August 2007. Between August 2007 and May 2009, Mr. Kanas was an independent consultant. Mr. Kanas holds a B.A. degree from Long Island University. He is a past president of the New York State Bankers Association. Mr. Kanas was also a member of the NYSE Listed Company Advisory Committee and is currently a member of the board of trustees of Long Island University and Weill Cornell Medical College. In 2005, Mr. Kanas was recognized by "Institutional Investor" as the regional bank CEO in America. In May 2007, Mr. Kanas received the Woodrow Wilson Award for Corporate Citizenship and was also conferred an Honorary Doctorate of Humane Letters by Dowling College. |
John Bohlsen |
Mr. John Bohlsen is Vice Chairman of the Board, Chief Lending Officer of BankUnited Inc., since May 2009. He has served on Board since its inception in May 2009. From December 2006 until August 2007, Mr. Bohlsen led the Commercial Banking division for Capital One's banking subsidiary, which included North Fork, the former Hibernia Bank in Louisiana and Texas and Capital One Direct Bank in Richmond, Virginia. Mr. Bohlsen was a part of North Fork's management team when they were acquired by Capital One in December 2006. During his tenure at North Fork from January 1986 to December 2006, he served on the board of directors, and became Vice Chairman in 1989. Mr. Bohlsen also served as Chairman of several bank management committees during that time. Between August 2007 and May 2009, Mr. Bohlsen was active in other business activities involving restaurants and other real estate endeavors. He is active in various outside businesses involving real estate and construction, and is president of a restaurant operating company doing business in the New York metropolitan area. Mr. Bohlsen has a B.S. and a M.B.A. from Michigan State University. In addition, he is a veteran of the U.S. Navy, having served as an officer during the Vietnam War. |
Leslie Lunak |
Ms. Leslie Lunak has been appointed as Chief Financial Officer, Executive Vice President, Chief Accounting Officer of BankUnited Inc., effective February 28, 2013. Ms. Lunak joined BankUnited in 2010 with over 13 years of experience in public accounting, including advising financial institutions on various topics such as mergers and acquisitions. |
Rajinder Singh |
Mr. Rajinder P. Singh is Chief Operating Officer of BankUnited Inc., since May 2009. Prior to joining the company, Mr. Singh led the financial services practice of WL Ross & Co., a private equity firm and investor in BankUnited, from April 2008 to May 2009. From December 2006 through April 2008, Mr. Singh served as Executive Vice President for Capital One's banking segment which includes retail, small business and commercial banking businesses in New York, New Jersey, Connecticut, Louisiana and Texas and a national direct deposit gathering franchise. Mr. Singh was a member of Capital One's Bank Leadership Team and chaired the Deposit Pricing Committee. He also served on Capital One's ALCO and brand board. Previously, Mr. Singh served as Head of Corporate Development and Strategy for North Fork from February 2005 to December 2006. During his tenure, North Fork was acquired by Capital One for $13.2 billion. Prior to joining North Fork in February 2005, Mr. Singh spent nine years at FleetBoston Financial Corporation and last served as Managing Director of Corporate Development and Strategy. Mr. Singh earned his M.B.A. from Carnegie Mellon University in Pittsburgh and his B.S. in chemical engineering from the Indian Institute of Technology in New Delhi. |
Randy Melby |
Mr. Randy R. Melby is Senior Executive Vice President of BankUnited Inc., and Chief Risk Officer at BankUnited, subsidiary of the BankUnited Inc., since February 2011. He joined BankUnited in September 2009 as Executive Vice President, Chief Risk Officer at BankUnited and was promoted to Senior Executive Vice President, Chief Risk Officer in February 2011. Mr. Melby is responsible for enterprise risk oversight, which includes loan review; internal audit; compliance, including BSA and AML; and overall operations and credit risk management. Prior to joining the company, Mr. Melby served as Senior Vice President and General Auditor for Washington Mutual/JP Morgan Chase in Seattle from December 2004 to January 2009. Before this, he spent 24 years with Norwest Corporation/Wells Fargo. He held a variety of leadership positions in the internal audit, and commercial loan operations areas. Mr. Melby received a B.S. in accounting and management from the University of North Dakota. Mr. Melby is a member of the Institute of Internal Auditors, graduated with honors from the Pacific Coast School of Banking and is also a graduate of the BAI Graduate School of Bank Operations & Technology. |
Joseph Kissel |
Mr. Joseph Kissel is appointed as the Chief Information Officer of BankUnited Inc. Kissel comes to BankUnited from Wells Fargo Bank in Phoenix, Ariz., where he most recently served as a senior vice president and the bank's chief technology officer. Kissel brings more than 20 years of senior level experience technology and operations in banks, mortgage companies and technology companies servicing the financial industry. Having served in various roles, including CIO, CTO, COO and president, he has managed teams of more than 650 employees. Kissel earned his MBA from the University of Illinois, and a bachelor's degree in computer science from Western Illinois University. |
Chinh Chu |
Mr. Chinh E. Chu is Independent Director of BankUnited Inc., since May 2009. He is a Senior Managing Director in the Blackstone Private Equity Group, or Blackstone, one of principal investors. Since joining Blackstone in 1990, Mr. Chu has led Blackstone's investments in Stiefel Laboratories, ReAble Therapeutics' acquisition of DJ Orthopedics, Biomet, Catalent Pharma Solutions, Alliant, ReAble Therapeutics, Celanese, Nalco, SunGard Data Systems, Nycomed and LIFFE. He has also been involved in Blackstone's investments in FGIC, Sirius Satellite Radio, StorageApps, Haynes International, Prime Succession/Rose Hills, Interstate Hotels, HFS and Alco Holdings. Mr. Chu is currently a director of Freescale Semconductor Holdings I Ltd, Alliant, Healthmarkets, Catalent Pharma Solutions, SunGard Data Systems, Allied Barton and Bayview, and previously served on the board of directors of DJO Incorporated, Graham Packaging Company Inc., Celanese Corporation. Before joining Blackstone, Mr. Chu worked at Salomon Brothers in the Mergers and Acquisitions Department. Mr. Chu received a B.S. in Finance from the University of Buffalo, where he graduated summa cum laude. |
Sue Cobb |
Ambassador (Retired) Sue M. Cobb is Independent Director of BankUnited Inc., since January 2010. Since February 2007, Ambassador Cobb has been engaged in private sector business activities with Cobb Partners, Inc., a privately held Florida-based investment firm. From September 2001 to February 2005, she served as the United States Ambassador to Jamaica. Ambassador Cobb was Secretary of State of Florida from December 2005 to January 2007. From 2002 to 2008, Ambassador Cobb was engaged at the U.S. Department of State's Leadership and Management School as co-chair of periodic mandatory seminars for newly designated U.S. ambassadors. Ambassador Cobb served seven years as chair of the board of the Federal Reserve Bank, Miami Branch. She was the founding partner of the Public Finance Department of the Greenberg Traurig law firm where she practiced as a public finance attorney. She currently sits on the board of directors of the Durango Mountain Resort and Kirkwood Associates Inc., both private resort development companies. Ambassador Cobb is President of the American Friends of Jamaica, a New York-based charitable institution, and President of Miami-based Cobb Family Foundation. She is an active member of the Center for Strategic and International Studies, The Council of American Ambassadors, and the Council on Foreign Relations. Ambassador Cobb has also been an officer and director of many civic and charitable organizations and has received numerous awards including national honors from the nations of Jamaica and Iceland. Previously, she has been the University of Miami Alumnus of the year, the Red Cross Humanitarian of the Year and the Silver Medallion Awardee from the National Conference of Christians and Jews for contributions to civic causes and humanity. Ambassador Cobb received a B.A. from Stanford University and a J.D. from the University of Miami School of Law. |
Eugene DeMark |
Mr. Eugene F. DeMark is Independent Director of BankUnited Inc., since September 2010. From June 1969 until his retirement in October 2009, Mr. DeMark worked for KPMG LLP, a global professional services firm. Mr. DeMark served as the Advisory Northeast Area Managing Partner at KPMG LLP from October 2005 until his retirement. Since his retirement, Mr. DeMark has been an independent consultant. Starting in January 2010, Mr. DeMark has advised Audit and Compensation Committees. In January 2012, Mr. DeMark joined the board of directors and audit committee of 1-800-FLOWERS.COM, Inc., a florist and gift shop. Between 1988 and 2001, Mr. DeMark had been the Northeast Area Managing Partner of the Information, Communications and Entertainment Practice and the KPMG's Long Island Office Managing Partner. During his career at KPMG, Mr. DeMark has had responsibilities to lead a number of specialized practices in Banking, High Technology, Media and Entertainment and Aerospace and Defense. Mr. DeMark also developed the firm's first study guide on SEC reporting. Mr. DeMark holds a B.B.A. degree from Hofstra University and is a Certified Public Accountant and is a member of the American Institute of Certified Public Accountants (AICPA) and the New York State Society of Certified Public Accountants. Mr. DeMark has served as chairman of the Long Island chapter of multiple sclerosis, president of the Nassau County council of the Boy Scouts of America and Northeast Regional board member of the of the National organization, president of the Nassau Chapter of the National Association of Accountants, Treasurer of the New Long Island Partnership and chairman of the Economic Development Task Force—Project Long Island. Mr. DeMark also was active in the United Way on Long Island and New York and served on its board of directors and chaired the nominating committee. |
Richard LeFrak |
Mr. Richard S. LeFrak is no longer Independent Director of BankUnited Inc., effective Company's 2013 Annual Meeting of Stockholders. He also serves as the Chairman of Compensation Committee. Mr. LeFrak is currently the Chairman and CEO of the LeFrak Organization, a privately held real estate and development company. He joined the LeFrak Organization in 1968, was appointed its President in 1975, and was elected Chairman of its board of directors and CEO in 2003. Mr. LeFrak serves on the board of a number of organizations, including the board of trustees of Amherst College, and the board of trustees of the Prostate Cancer Foundation. He also has served as a member of the board of trustees of the American Museum of Natural History, the board of trustees of the Trinity School, and as a Member of the New York State Banking board. Mr. LeFrak also presides over the LeFrak Foundation, a private philanthropy whose mission encompasses a broad, but focused agenda, including the support of charitable organizations, institutions of higher learning, hospitals, research facilities and cultural programs that sustain and encourage literary, performing and visual arts. Mr. LeFrak graduated cum laude from Amherst College in 1967, and went on to study law at Columbia University, from which he received his J.D. in 1970. In 1998, Mr. LeFrak received an Honorary Doctorate Degree from Amherst College. |
Thomas O'Brien |
Mr. Thomas O'Brien is Independent Director of BankUnited Inc., since March 2012. Mr. O'Brien is a 34-year banking veteran and most recently served as President and CEO of State Bank of Long Island/State Bancorp, Inc. from November 2006 to January 2012. Since January 2012 he has served as a post-acquisition transition consultant for Valley National Bancorp which acquired State Bank of Long Island/State Bancorp, Inc. in December of 2011. From 2000 to 2006 Mr. O'Brien was President and CEO of Atlantic Bank of NY and following the acquisition of Atlantic Bank of NY by New York Commercial Bank served as President and CEO during post-closing transition. From 1996 to 2000, Mr. O'Brien was Vice Chairman and a board member of North Fork Bank and North Fork Bancorporation, Inc. From 1977 to 1996, Mr. O'Brien was Chairman, President and CEO of North Side Savings Bank. Mr. O'Brien served as a Director of the Federal Home Loan Bank of New York from 2008 to 2012 and served as Chairman of NY Bankers Association. Mr. O'Brien is currently Trustee and Chairman of the Audit Committee of Prudential Insurance Company of America Mutual Fund Complex, Vice-Chairman of the Board and Chairman of the Finance Committee of Catholic Healthcare System and Catholic Healthcare Foundation, and advisor and Board Member of Flax Trust, Belfast, Northern Ireland. Mr. O'Brien is the immediate Past-President of the Society of the Friendly Sons of Saint Patrick in the City of New York, and is founder and sole benefactor of Galway Bay Foundation, Inc. Mr. O'Brien received a B.A. in Political Science from Niagara University in 1972 and an M.B.A from Iona College in 1982. |
Wilbur Ross |
Mr. Wilbur L. Ross, Jr., is Independent Director of BankUnited Inc., since May 2009. Mr. Ross is the Chairman and Chief Executive Officer of WL Ross & Co. LLC, or WL Ross, a private equity firm and one of principal investors, a position he has held since April 2000. Mr. Ross is also the managing member of the general partner of WL Ross Group, L.P., which in turn is the managing member of the general partners of WLR Recovery Fund L.P., WLR Recovery Fund II L.P., WLR Recovery Fund III L.P., WLR Recovery Fund IV L.P., Asia Recovery Fund L.P., Asia Recovery Co-Investment Fund L.P., Absolute Recovery Hedge Fund L.P., India Asset Recovery Fund and Japan Real Estate Recovery Fund, a member of the Investment Committee of the Taiyo Funds and the Chairman and Chief Executive Officer of Invesco Private Capital. Additionally, Mr. Ross is a director of Arcelor Mittal N.V.; Assured Guaranty Ltd., a provider of financial guaranty and credit enhancement products; Compagnie Européenne de Wagons SARL in Luxembourg, a European railcar leasing business; Insuratex, Ltd., an insurance company in Bermuda; Plascar Participacoes SA, a manufacturer of automotive interiors; Air Lease Corporation, an aircraft leasing company; Talmer Bancorp, Inc., a bank holding company; OCM Limited; Ohizumi Manufacturing Company Limited; The Greenbrier Companies, a supplier of transportation equipment and services to the railroad industry; Sun Bancorp, a bank holding company; and EXCO Resources, Inc., a natural gas and oil exploration, exploitation, development and production company. Mr. Ross was also formerly Chairman of the Smithsonian Institution National board and is currently the Chairman of the Japan Society and a board member of the Committee on Capital Markets Regulations, U.S.—India Business Council, the Yale University School of Management and the Harvard Business School Club of New York. He holds an A.B. from Yale University and an M.B.A., with distinction, from Harvard University. |
Pierre Sarkozy |
Mr. Pierre Olivier Sarkozy is Independent Director of BankUnited Inc., since May 2009. Since March 2008, Mr. Sarkozy has served as Managing Director of the Carlyle Group, or Carlyle, one of principal investors, and head of the Carlyle Global Financial Services Partners fund, one of the Carlyle affiliated funds that has invested in us. From January 2003 until March 2008, Mr. Sarkozy was Global Co-Head of the Financial Institutions Group at UBS Investment Bank. Prior to joining UBS, Mr. Sarkozy worked for 11 years at Credit Suisse First Boston, where he was the Managing Director in charge of the Depository Institutions Group. Mr. Sarkozy received his Masters in Medieval History (with Honors) from St. Andrews University in Scotland. |
Lance West |
Mr. Lance N. West is Independent Director of BankUnited Inc., since May 2009. Since May 2006, Mr. West has been a Partner and Senior Managing Director of Centerbridge Partners LP, or Centerbridge, a multi-strategy, private investment management company and one of principal investors. From January 1999 until May 2006, Mr. West was a Partner and Managing Director at Goldman, Sachs & Co., where he was head of the firm's Principal Finance Group, a proprietary investment platform focusing on a variety of private and public equity and debt investments in the Americas, with a particular emphasis on real estate and financial institutions. Mr. West was a member of Goldman's Asian Special Situations Group and was a member of the Investment Committees for Goldman's American Special Situations and Specialty Lending Groups. From January 1992 until January 1999, Mr. West served as Chairman and CEO of Greenthal Realty Partners LP and GRP Financial in New York, which Mr. West founded as a Resolution Trust Company Standard Asset Management and Disposition Asset Manager providing real estate asset management, special servicing and distressed debt investment management. Prior to founding GRP, Mr. West was an executive vice president with The Charles H. Greenthal Group, Inc., a real estate asset management and investment company, and a member of the technical staff at AT&T Bell Laboratories from 1982 to 1984. Mr. West earned his M.S. in Electrical Engineering from the California Institute of Technology in 1983 and graduated magna cum laude with a B.S. in Electrical Engineering from Tufts University in 1982. Mr. West is a member of the board of overseers of Tufts University, and a member of the Chair's Council for the Humanities and Social Sciences division at the California Institute of Technology. |
Basic Compensation
| Name | Fiscal Year Total |
|---|---|
John Kanas |
2,438,780 |
John Bohlsen |
2,119,350 |
Leslie Lunak |
-- |
Rajinder Singh |
1,781,810 |
Randy Melby |
1,224,300 |
Joseph Kissel |
-- |
Chinh Chu |
-- |
Sue Cobb |
-- |
Eugene DeMark |
-- |
Richard LeFrak |
-- |
Thomas O'Brien |
-- |
Wilbur Ross |
-- |
Pierre Sarkozy |
-- |
Lance West |
-- |
As Of 30 Dec 2011
Options Compensation
| Name | Options | Value |
|---|---|---|
John Kanas |
0 | 0 |
John Bohlsen |
0 | 0 |
Leslie Lunak |
0 | 0 |
Rajinder Singh |
0 | 0 |
Randy Melby |
0 | 0 |
Joseph Kissel |
0 | 0 |
Chinh Chu |
0 | 0 |
Sue Cobb |
0 | 0 |
Eugene DeMark |
0 | 0 |
Richard LeFrak |
0 | 0 |
Thomas O'Brien |
0 | 0 |
Wilbur Ross |
0 | 0 |
Pierre Sarkozy |
0 | 0 |
Lance West |
0 | 0 |
| Name | Shares Traded | Price |
|---|---|---|
LEFRAK RICHARD S |
28,500 | $24.75 |
KANAS JOHN ADAM |
41,087 | $24.75 |
KANAS JOHN ADAM |
78,913 | $24.75 |
BOHLSEN JOHN |
52,500 | $24.75 |
LEFRAK RICHARD S |
9,000 | $24.75 |
ROSS WILBUR LOUIS JR |
721,500 | $24.75 |
KANAS JOHN ADAM |
273,913 | $24.75 |
WL ROSS & CO L L C |
4,810,000 | $24.75 |
LEFRAK RICHARD S |
190,000 | $24.75 |
CENTERBRIDGE CAPITAL PARTNERS L P |
3,770,000 | $24.75 |
BOHLSEN JOHN |
350,000 | $24.75 |
KANAS JOHN ADAM |
526,087 | $24.75 |
ROSS WILBUR LOUIS JR |
4,810,000 | $24.75 |
LEFRAK RICHARD S |
60,000 | $24.75 |
TC GROUP V L P |
4,810,000 | $24.75 |
CARLYLE GROUP MANAGEMENT L L C |
4,810,000 | $24.75 |
KANAS JOHN ADAM |
24,311 | $24.44 |
SINGH RAJINDER P |
13,641 | $24.44 |
SINGH RAJINDER P |
217,000 | $0.00 |
PAULS DOUGLAS J |
16,308 | $23.08 |
PAULS DOUGLAS J |
9,683 | $23.05 |
BOHLSEN JOHN |
120,000 | $0.00 |
LEFRAK RICHARD S |
183,795 | $0.00 |
PAULS DOUGLAS J |
2,400 | $23.03 |
PAULS DOUGLAS J |
7,000 | $0.00 |
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