Banking / Financial

Boiling Springs Savings Bank Hires Daniel Chen

Established banking executive will lead treasury, capital, and financial reporting and strategy.

Rutherford-based Boiling Springs Savings Bank, one of northern New Jersey’s largest savings banks and provider of financial services to individuals and businesses for 80 years, has appointed Daniel Chen to the role of executive vice president and chief financial officer.

In this position, Chen will lead capital and financial strategy; manage the accounting, finance, planning and analysis function; and provide oversight for the treasury and investment team at the bank.

Prior to joining Boiling Springs, Chen’s roles included serving as treasurer at Cross River Bank as well as positions at Morgan Stanley, MetLife Investment Management and PwC, leading investment banking, portfolio management and audit teams.

“Mr. Chen’s comprehensive financial institution experience make him a welcome addition to the team,” said James D. Nesci, President and CEO of Boiling Springs Savings Bank. “His leadership roles at distinguished organizations, and his outstanding knowledge of the banking industry, will be essential in executing the responsibilities of his new position.”

Chen received his undergraduate degree from the Wharton School of Business at the University of Pennsylvania, and holds an MBA in Finance and Management from Columbia Business School. He is a board director of Catholic Guardian Services, a NYC-area nonprofit serving foster families and developmentally disabled individuals. A father of four, Chen resides in New Providence with his wife, Su.

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