Joseph W. Kiley III has been elected chief executive officer of Wilshire Financial Services Group Inc., Calabasas, Calif., effective upon the expected resignation of CEO Stephen P. Glennon.Mr. Kiley, president and CEO of First Bank of Beverly Hills, was also elected chief financial officer of Wilshire, effective immediately. Wilshire said Mr. Glennon has told its board that he intends to resign shortly after the resolution of final issues involving the sale of Wilshire's mortgage servicing subsidiary, Wilshire Credit Corp. Mr. Glennon will continue to serve on the boards of both Wilshire and First Bank of Beverly Hills.
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