Cornerstone Advisors in Scottsdale, Ariz., has a new leader.
The consulting firm said in a press release that Mazen Ghalayini had become its chairman and CEO. Ghalayini, who was president, succeeded Steve Williams, who remains at the firm as a founding partner.
“It’s a privilege to build on the incredible foundation Steve and our team have created over the last 25 years,” Ghalayini said in the release. “Cornerstone has earned the trust of financial institutions by helping them navigate change with practical, forward-looking advice. As CEO, my priority is to continue investing in our people, our capabilities, and our client experience while ensuring we remain the trusted partner banks, credit unions and fintechs rely on to achieve their ongoing, strategic goals.”
Williams will expand his focus on advising clients, cultivating strategic client relationships, and representing Cornerstone across the financial services industry.