McDermott + Bull Expands Presence in Texas
June 12, 2025 – Irvine, CA-based McDermott + Bull has continued expansion of its presence in Texas with director Rachel Loye spearheading the growth in Dallas. As a senior member of the firm’s financial services practice, she will lead regional efforts across Texas, deepening client partnerships and furthering McDermott + Bull’s investment in one of the country’s top banking markets.
“Rachel’s move positions the firm to build deeper talent networks in-market and stay ahead of regional leadership trends shaping the financial sector in Texas,” said Brandon Biegenzahn, president and chair of McDermott + Bull’s financial services practice. “Our clients depend on us not only to understand their business but to understand their market — and that means being present where they operate. Rachel’s move to Dallas marks a natural extension of our work across the West and strengthens our ability to support institutions in the Texas banking ecosystem.”
Texas remains one of the most economically resilient states in the nation, with a booming population, thriving commercial activity, and a business-friendly environment that continues to attract community and regional banks. The Dallas-Fort Worth metroplex, one of the fastest-growing regions in the country, serves as a strategic hub for this growth — making Rachel’s relocation a key part of McDermott + Bull’s long-term market strategy, according to McDermott + Bull.
“Texas is not only a hub of financial innovation — it’s a relationship-driven, pro-business environment where decisions are made locally and reputations matter,” said Ms. Loye. “Being on the ground allows us to support our clients more meaningfully and expand our reach across this critical region.”
In her expanded role, Ms. Loye will continue to drive senior engagements and deliver executive search solutions to banks, credit unions, fintechs, and financial services organizations across the state — supporting clients navigating growth, innovation, and leadership transitions. She works closely with the firm’s managing directors sourcing senior leadership teams and supports with the execution of searches, client management, and business development for the practice. Prior to McDermott + Bull, Ms. Loye worked at national search firm, Aerotek.
McDermott + Bull provides mission-critical permanent executive placement and interim solutions for a range of domestic and global clients. The firm serves private and public companies, private equity firms and their operating companies across multiple industries, including technology, financial services, biotech and life sciences, and professional services.
Related: McDermott + Bull Recruits CEO for Direct Relief
Mr. Biegenzahn holds dual roles as president of McDermott + Bull and chair of the firm’s financial services practice group. As president, he leads day-to-day operations as well as the strategic buildout of the team of executive search managing directors. As chair of the financial services practice group, Mr. Biegenzahn is a partner to an array of financial services firms, including investment banks, commercial banks, private banks, credit unions, asset managers, institutional investors and fintech companies.
Past Promotion
Earlier this year, McDermott + Bull promoted Shelby Varon to managing director within the firm’s life sciences + healthtech practice, based in Irvine, CA. She continues to focus on life sciences executive search engagements, driving business development, and cultivating client relationships across the industry, including devices, technology, pharmaceuticals, diagnostics, and healthcare services.
“We are thrilled to announce Shelby Varon’s promotion to managing director within our healthcare practice,” said Mr. Biegenzahn. “Shelby’s exceptional leadership and deep expertise in building executive teams have been invaluable to our firm and the healthcare sector at large. With the healthcare and life sciences practice being the largest within our executive search firm, Shelby is uniquely positioned to drive continued growth and strengthen our presence across pharmaceuticals, devices, diagnostics, and services. At McDermott + Bull, we take great pride in developing talent from within and watching our people thrive. Shelby’s promotion is a testament to her dedication, passion, and unwavering commitment to excellence.”
“Stepping into the managing director role at McDermott + Bull is an incredible honor,” said Ms. Varon. “I’m excited to continue to build impactful leadership teams and support mission-driven organizations that make a difference in people’s lives.”
Ms. Varon has spent her career building senior leadership teams and brings extensive experience in the healthcare and biotech industries. Before joining McDermott + Bull, she was a leading business development manager for a top-ranked, national recruiting and direct-hire firm, where she partnered with executives across multiple industries.
Related: McDermott + Bull Assists Technology Credit Union with Chief Marketing Officer Search
Contributed by Scott A. Scanlon, Editor-in-Chief and Dale M. Zupsansky, Executive Editor – Hunt Scanlon Media
