Jason Mull named Chief Risk Officer and Chief Information Security Officer at R&T Deposit Solutions

R&T Deposit Solutions announced the appointment of Jason Mull as Executive Vice President, Chief Risk Officer and Chief Information Security Officer. Mull joins from CLS Bank International, where he served as Chief Information Security Officer overseeing the cyber and information security functions.

According to the release, Mull will lead R&T's Risk Division and its information security program, with a role in ensuring the firm's safety and soundness. The release says Mull reports directly to Susan Cosgrove, the Executive Chairperson of R&T Deposit Solutions.

The release says Mull previously served as a board member of the Analysis & Resilience Center for Systemic Risk.

According to the release, R&T Deposit Solutions was founded in 1974 and provides securities-based lending, liquidity management and deposit funding programs to the financial services industry. The company says its tech-enabled services help wealth managers, trust companies, broker-dealers, credit unions and banks meet cash sweep, deposit funding and securities-based lending needs. According to the release, the Demand Deposit Marketplace program administered by R&T gives banks and other depository institutions access to reciprocal deposits in the millions of dollars. According to the release, private equity firms Estancia Capital Partners and GTCR own the majority interests in R&T, which is a portfolio company. The release says both firms partnered with R&T to expand its market presence by strengthening its leadership team, adding product offerings and enhancing its technology and risk management infrastructure.