Bank of Hawaii Announces New Senior Vice Presidents Carl Kobayashi and Michael Mahoney

Carl Kobayashi has been promoted to senior vice president and director of model risk management (MRM) at Bank of Hawaii. He will continue to lead the bank’s model governance program and oversee the strengthening of the overall MRM framework.

Kobayashi joined Bank of Hawaii in 2015 in the Model Risk Management Department where he supported model validation and governance. In 2019, he transitioned to lead the testing and control design of the bank’s Enterprise Credit Risk Analytics group’s implementation of the CECL (Current Expected Credit Loss) accounting standard for the bank’s loan loss reserve. In 2021, he transferred back to MRM, and in 2022, led the department by proactively addressing increasing regulatory requirements. Kobayashi has more than 32 years of experience in the financial services industry, having previously worked with PricewaterhouseCoopers in Honolulu, as well as Union Bank of California in San Francisco and National Semiconductor also in Calif.

Kobayashi earned his bachelor of business administration degree in Accounting from the University of Hawaii at Manoa.

Michael Mahoney recently joined Bank of Hawaii as senior vice president and senior manager in Treasury. He is responsible for overseeing and maintaining the organization’s Foreign Exchange and Money Market department.

Mahoney began his career at the Merrill Lynch Trading and Marketing Analyst Program in New York. He has over 30 years of experience in the financial services industry, serving in a number of progressively responsible roles overseeing markets and trading in foreign exchange and interest rate derivatives. With a strong understanding of foreign trade laws and regulations, he has worked at building the foreign exchange and interest rate derivatives businesses for several large regional banks, including the foreign exchange options trading book at Union Bank in Calif.

Mahoney earned his bachelor’s degree in economics from Franklin & Marshall College in Lancaster, Pa. He also holds the following FINRA licenses: Series 7, Series 63, and Series 3.