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David G. Mackenzie

Added by davidmackenzie

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Listed in Banking, Investments, Marketing, Risk Management

  • 450 Wood Avenue, #2A, Bainbridge Island, WA. 98110
  • (206) 780-0899
  • DGMackenz@AOL.Com
I retired from the Bank of America Trust Department as an Executive Vice President and Chief Fiduciary Risk Officer in 1999, after a thirty-two year career in fiduciary risk management, trust administration, marketing, sales, banking and investments, in both domestic and international assignments. My career encompassed major profit responsibility for the International Trust Group from 1984 to 1994, including marketing, sales, trust administration, and banking. During this period, I served as a Senior Vice President in London, England, and in San Francisco. From 1980 to 1984 I was the Managing Director of the Bank of America’s banking subsidiary in Nassau, Bahamas.

From 1994 to my retirement in 1999, I was the Executive Vice President and Chief Fiduciary Risk Officer for the Bank responsible for all policy matters over a $50 billion trust portfolio. In 1994, I headed the team that conducted a due diligence review of the Trust Department of Continental Illinois National Bank in Chicago. The Bank of America was purchasing that bank.

As an Executive Vice President and the senior officer responsible for all fiduciary activities, this position required extensive hands-on management of the Trust Department inherited from the 1992 merger with Security Pacific National Bank. I personally reviewed over 10,000 accounts for proper trust administration practices. I chaired or was the key member of every senior level fiduciary committee, and was the key member of the investment policy committee that was involved with the use of derivatives in client’s accounts. All new brokerage products of a fiduciary nature needed to receive my approval.

In 1997 I was the featured speaker at a conference in Chicago on Fiduciary Risk Management sponsored by the Office of the Comptroller of the Currency (U. S. Department of the Treasury).

In 1996 The National Peoples Congress invited me to Beijing, PRC, as the only American to assist the Chinese in drafting their first ever trust law.

From 1964 to 1966 I was an Officer in the US Navy and served aboard the USS Finch (DER-328). I was awarded the Vietnam Service Medal, the National Defense Medal, and received a Citation for outstanding performance when a sailor was washed overboard in rough seas, by the Commander of Destroyer Escort Squadron Seven, US Seventh Fleet.

I have a Bachelor of Science degree in Business Administration from the University of Kansas (1964), a Masters in Business Administration degree from the University of San Francisco (1974), and a Graduate certificate from the Pacific Coast Banking School at the University of Washington (1976).

From March 2001 to January 2002, I served as a fiduciary consultant to the Bank of Hawaii Financial Services Group. My functions included the identification and correction of fiduciary risk policies and procedures, and the improvement of the trust administration function.
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