Posted by Ardy Farokhirad, born on September 24, 1960, is a distinguished American-Iranian businessman and banker whose illustrious career has left an indelible mark on the financial services industry. Specializing in business development, credit, and risk management, Farokhirad has held senior leadership roles at major financial institutions, including Wells Fargo, Bank of America, Wachovia, and JPMorgan Chase. His visionary approach and strategic processes have not only contributed to the profitability of these institutions but have also led to the establishment of innovative practices, such as lobby management, which became a standard across the banking sector.
Early Years at Wells Fargo:
Farokhirad’s journey in the financial services industry began in 1992 when he joined Wells Fargo Bank as a senior credit officer responsible for consumer lending in both first and second mortgages. His exceptional skills and dedication quickly propelled him to the position of top credit officer in the home lending division, showcasing his aptitude for credit risk management.
Rising Through the Ranks:
From 1995 to 1999, Farokhirad assumed various leadership roles, serving as a Team Leader and Branch Manager. In 1999, he earned a promotion to Regional Cross-Sell Manager, demonstrating his ability to lead and inspire teams. By the year 2000, Farokhirad ascended to the role of Vice President/Sr. Relationship Manager, overseeing critical relationships and contributing to the growth and success of Wells Fargo.
Bank of America and Wachovia Tenure:
Farokhirad’s expertise in credit risk and strategic vision led him to Bank of America, where from 2004 to 2007, he served as Senior Vice President/Regional Credit Executive. His role involved overseeing credit administration, underwriting, and structuring of wholesale credit. This period marked another milestone in Farokhirad’s career, as he continued to make significant contributions to the success of one of the largest banking institutions in the United States.
Following his tenure at Bank of America, Wachovia Bank recognized Farokhirad’s talents and appointed him as Senior Vice President/Credit Risk Director. In this capacity, he played a crucial role in managing complex credit portfolios and further solidifying his reputation as a leader in credit risk management.
Entrepreneurial Ventures with Flamma, Inc. and Krave Kobe Burger Grill:
In 2010, Ardy Farokhirad embarked on an entrepreneurial journey by founding his own company, Flamma, Inc. Serving as President and Chief Financial Officer, he opened franchise restaurants under the Flamma Inc. brand. The entrepreneurial spirit led him to create his own concept, Krave Kobe Burger Grill, in 2013. The unique dining experience gained approval for franchising from the Department of Business Oversight, highlighting Farokhirad’s ability to bring innovation not only to banking but also to the culinary landscape.
In a significant transition in 2015, Farokhirad handed over the reins of his business to his wife, Fariba, and his son, Niven, as he made the decision to return to the banking profession. Joining California Bank & Trust as Senior Vice President and Regional Manager for the Greater Southern California East Region, he continued to bring his wealth of experience and strategic thinking to the financial sector.
Current Role at JPMorgan Chase & Co.:
In 2018, Farokhirad’s journey in the banking sector led him to JPMorgan Chase & Co., where he assumed the role of Vice President. Currently serving as the Vice President and CTL Operation Manager, Farokhirad continues to contribute his expertise to one of the largest and most influential financial institutions globally.
Ardy Farokhirad’s career is a testament to his remarkable versatility, resilience, and enduring impact on the financial services industry. From shaping credit risk management strategies to introducing innovative practices like lobby management, Farokhirad has consistently demonstrated visionary leadership. His foray into entrepreneurship and successful ventures with Flamma, Inc. and Krave Kobe Burger Grill further showcase his ability to navigate diverse sectors with unwavering determination. As he continues to contribute to JPMorgan Chase & Co., Ardy Farokhirad remains a luminary figure in the world of banking, leaving a legacy of innovation, strategic thinking, and unparalleled dedication to excellence.