BankUnited, Inc., announced that Rajinder P. Singh, the Company’s Chief Operating Officer, will succeed John A. Kanas, the Company’s Chairman, President and Chief Executive Officer, as President and CEO effective January 1, 2017. Mr. Kanas will continue to serve as Chairman of the Board of Directors.

Mr. Singh, along with Mr. Kanas, was one of the founding organizers of the Company in 2009, and has been instrumental in driving the turnaround and growth of the Company.

“Raj has been a proven partner of mine and I am excited about and proud to see him step into his new role,” said Mr. Kanas. “With his operational and managerial skills, strategic vision and dedication, he is the ideal person to be at the helm of this company. Under Raj’s leadership, BankUnited will continue to build upon its reputation as a premier financial institution.”

Mr. Singh commented, “I am honored to assume the role of President and Chief Executive Officer in 2017. I look forward to working closely with the Board, our senior management team and our dedicated and hard-working employees as we continue to execute the strategy that has been instrumental to the Company’s success over the last several years, building a growing, profitable, safe and sound institution.”

Replacing Mr. Singh as Chief Operating Officer will be Thomas M. Cornish, who currently serves as the bank’s President, Florida region. Mr. Cornish joined the bank in 2014 and in his new role will directly report to Mr. Singh.

“In a short amount of time, Tom has raised the caliber of our Florida franchise.” said Mr. Singh. “I am confident in Tom’s ability to excel in his expanded role.”