Brett Bauer was named CFO and treasurer of 1st Source Corporation and 1st Source Bank in South Bend, Ind., while John Bedient was named chief operations officer of 1st Source Bank.
Bauer has been chief investment officer since late 2012 and has also played a key role in vetting tax equity investments in 1st Source’s solar financing business and recently took over responsibility for the company’s financial analysis unit.
Prior to his tenure with 1st Source, he was with Bear Stearns Japan Ltd. in foreign securities operations and later served as a vice president in the government securities portfolio management area for Bear Stearns. Between the years 2006-2012, he was an investment officer in funds management and manager of bank investment operations in the funds management division.
He has a Bachelor of Science degree in business administration and an MBA from the University of Notre Dame, South Bend.
Bedient has been 1st Source’s group head of administrative services and retail operations since 2018 and has been a leader in its retail and deposit services areas in various capacities since 2008. He joined the bank as a financial analyst in accounting, and in 1995 became the assistant controller in the specialty finance group and was later promoted to assistant vice president in this role.
He became a sales officer in SFG, before focusing on securitization funding efforts dealing with outside investors, credit guarantors, and gain on sale accounting and reporting. In 2005, he became a key leader in 1st Source’s core conversion efforts. He has a Bachelor of Science degree in finance and economics from Indiana University, Bloomington.
“Both colleagues were promoted due to their long-term service and success at 1st Source, as well as their service, dedication and desire to live the bank’s values,” said Christopher J. Murphy III, Chairman and CEO of the $7.7 billion 1st Source. “These new responsibilities harness the unique capabilities of each for the benefit of the company, their colleagues, and most importantly, the bank’s clients and shareholders.”