Bank of Utah has appointed David Pierce as its Senior Vice President, Foreign Exchange Manager. Pierce brings more than 38 years of experience in corporate finance, foreign exchange and strategic consulting and will lead the bank’s currency trading, risk management and international treasury strategies.
Pierce most recently served as the founder and CEO of FinnSavvy Consulting, where he advised organizations on treasury operations, liquidity strategy, mergers and acquisitions, and financial leadership development. Previously, he spent more than two decades at GPS Capital Markets as Director of Strategic Initiatives and Managing Director of Global Hedging Products & Quantitative Risk. He helped scale the company from a startup to more than $100 million in revenue, led global sales expansion, built new financial risk consulting divisions and helped increase the company’s value prior to its acquisition by Corpay. Earlier in his career, Pierce held leadership positions at Wells Fargo, KeyBank and First Security Bank, where he specialized in foreign exchange trading and corporate risk management.
He is also the author of “Managing Foreign Exchange Risk” and “The Invisible Hedge”, practitioner-focused guides for corporate treasurers and finance leaders. Pierce regularly appears as a foreign exchange expert on CNBC and has been featured in publications such as The Wall Street Journal and Bloomberg. Pierce has also spoken and conducted training around the world for professionals in the foreign exchange and cross-border industries.
Bank of Utah’s Foreign Exchange team helps businesses navigate global markets through services including international payments, foreign exchange hedging strategies and market order monitoring. The department works with companies that manage international suppliers, labor costs or overseas assets to streamline payments, mitigate currency risk and optimize exchange rate strategies.
“Bank of Utah has a strong foundation of client-focused financial services, and I’m excited to help grow its foreign exchange department into one of the nation’s leading FX teams,” said Pierce. “I’m passionate about helping organizations manage currency risk and implement strategies that drive long-term success in global markets. I look forward to bringing that expertise to Bank of Utah.”
David Pierce has a bachelor’s degree in business marketing and a minor in gymnastics coaching from Utah State University.
About Bank of Utah
Founded in Ogden in 1952, Bank of Utah has been part of the state’s story for more than 70 years. We’ve supported small businesses and helped individuals and families build their futures in communities across Utah — from quiet mountain towns to thriving city centers. With 18 full-service branches, dedicated trust teams, and mortgage specialists throughout the state, Bank of Utah provides personal service and forward-thinking financial tools. The bank’s comprehensive offerings include business and personal banking, mortgage and commercial lending, personal and corporate trust services, and wealth management and investment services.
Recognized as one of the Top 15 U.S. Community Banks of 2024 by S&P Global Market Intelligence and named Utah’s Best Bank by GOBankingRates in 2025, Bank of Utah blends local insight with award-winning strength. Whether it’s the little details in a banking experience or the big moments in life, Bank of Utah is here to help Utahns succeed. Our commitment is to remain strong, trustworthy, advanced, secure and appreciative — to work side by side with clients on their financial journeys, so they can confidently say: “This is my Utah. Bank of Utah is my bank.” Learn more at bankofutah.com or call 801-409-5000.