Fintech
Cornerstone Advisors appoints Steve Williams as CEO
Key advisors, a leading technology and management consulting firm for banks, credit unions and fintech companies, today announced that Steve Williams, the company’s longtime president, has been named CEO. Williams succeeds Scott Sommer, who co-founded Cornerstone with Williams and others in 2002 and will now serve as chairman of Cornerstone’s board of directors.
As CEO, Sommer led the company’s growth from eight to more than 200 professionals and was instrumental in the strategic acquisition of six companies. As Chairman of the Board of Directors, Sommer will lead the company’s strategic merger and acquisition efforts, oversee strategy and remain active in Cornerstone’s governance.
“In 2002, we set out to become the nation’s most respected consulting firm for mid-sized banks and credit unions,” Sommer said. “Many customers who were with us at the beginning are still with us today. I couldn’t be more proud of this incredible team of professionals who have brought expertise to our company at so many levels and across so many banking disciplines. Additionally, I couldn’t have more confidence in anyone I know to lead this company into the future than my partner Steve Williams.
As CEO, Williams will continue to lead the company’s growth and thought leadership initiatives, while remaining actively involved in delivering Cornerstone’s strategy, contract negotiation, performance, transformation and merger integration services .
“Serving as a trusted advisor to banks, credit unions and financial technology companies has been our primary goal for more than two decades,” Williams observed. “When we founded this company, the average bank size was about $800 million. Today it exceeds 5 billion dollars. We have seen the consolidation and evolution of banking as a technology-driven industry battling countless competitors while working to meet ever-increasing regulatory demands. Scott and I look forward to working together to guide the evolution of this firm to enable us to continue to provide unmatched advisory services in an evolving banking landscape.”