Cathie Schaﬀer

Have lived in UP since 2018 with my partner, Michael Parkinson, year-round since 2019. Social member.
Member of UPCAI Finance Committee for 1 ½ years.
Member of Business Plan Advisory Group for first year of its existence. Active in UPWC, currently co-chair of one of the Special Interest Groups.
Volunteer extensively at Community Foundation of Sarasota, serving on their Grant Review Committee and the Scholarship Review Committee.
Education: BA, Goucher College, Baltimore, MD.
Columbia University, School of International Affairs, NYC.
MBA, Loyola University, Baltimore, MD.
Licenses: Series 79 and 63
Career Summary:
Thirty plus years in Commercial Banking, the majority at Bank of New York (now BNY Mellon), followed by JP Morgan Chase, followed by a regional bank, and then Bank of America.
Twenty plus years in leadership roles within Commercial Banking, responsible for increasingly larger teams of bankers.
P & L responsibility for divisions/region. Responsible for ensuring comprehensive approach to relationship management: meeting clients’ needs with credit facilities, Treasury Services, F/X and other hedging products, and introducing Investment Banking services and other specialists. Significant focus on obtaining new relationships and developing referral sources. Clients were mostly large, privately-held companies across all industries with sales up to $2B and some
publicly-traded companies.
Also responsible for appropriate Risk Management of the loan portfolio in coordination with credit approvers, and Compliance.