Peapack Private Bank & Trust Appoints A. Michael Smith as Senior Vice President, Chief Audit Executive

A. Michael Smith has been named Senior Vice President, Chief Audit Executive at Peapack Private Bank & Trust, a role in which he will oversee the bank's internal audit function and spearhead strategic initiatives to foster its ongoing expansion. With a career spanning more than three decades in auditing, risk management, and technology, Smith has established a reputation for fostering innovation and achieving excellence within the financial services sector. His appointment is significant as it positions the bank to leverage advanced auditing practices and technological integration to enhance operational integrity and support growth objectives. The move reflects the increasing importance of robust internal controls and innovative audit methodologies in the financial industry, particularly as institutions navigate complex regulatory environments and digital transformation.

Before joining Peapack, Smith served as the Chief Audit Executive at Nasdaq, where he was instrumental in developing a top-tier internal audit team and utilizing cutting-edge technologies to oversee vast transaction volumes in global markets. His previous experience includes a partnership at PwC, leading internal audit transformation projects through the adoption of new technologies and innovative practices. Smith's leadership roles at major financial institutions and his tenure as a partner at Deloitte & Touche further underscore his expertise in the field. This background is crucial for Peapack Private Bank & Trust as it aims to strengthen its audit capabilities amid evolving financial landscapes, ensuring compliance and risk mitigation in an era of rapid technological change.

Smith is also recognized for his contributions to the auditing profession through his authorship of Internal Audit of the Future: The Impact of Technology Innovation, a publication that delves into the transformative role of technology in auditing. Additionally, he has been granted a U.S. patent for an innovative method of auditing crypto assets. A graduate of Baylor University with a Bachelor of Business Administration, Smith holds several professional certifications, including Certified Public Accountant (CPA), Certified Information Systems Auditor (CISA), and Certified Information Systems Security Professional (CISSP). These credentials highlight his multidisciplinary approach to auditing, which is essential for addressing modern challenges such as cybersecurity threats and digital asset management in banking.

Peapack-Gladstone Financial Corporation, the parent company of Peapack Private Bank & Trust, reported total assets of $7.1 billion and assets under management and/or administration of $11.8 billion as of March 31, 2025. The bank, established in 1921, is renowned for its client-focused banking services, offering a wide range of personalized wealth management, investment banking, and commercial and personal banking solutions. Smith's appointment aligns with the bank's commitment to maintaining high standards of governance and audit excellence as it continues to expand its services and asset base. This strategic hire underscores the broader industry trend toward integrating technology and expertise in audit functions to drive efficiency and trust in financial institutions.