Xazel Garcia is an Assistant Director in Chartwell’s State licensing team and has over 20 years of combined regulatory and financial institutions experience in the areas of money services business (“MSB”), banks and trust companies.
Prior to joining Chartwell, Xazel spent 10 years working in the Corporate Activities Division of the Texas Department of Banking (“DOB”). During her tenure with the DOB, Xazel worked in a number of areas of licensing including reviewing applications and notice filings for multiple institutions regulated by the state, including money services businesses, banks and trusts. In her position, Xazel also served as the officially designated point-of-contact for the MSB Multistate Licensing Agreement (MMLA) and was the Nationwide Multistate Licensing System (“NMLS”) Administrator for the Texas DOB. In addition to these responsibilities, she also had the opportunity to streamline, implement, and maintain the DOB’s MSB license checklists, applications and forms and represented Texas at the MTRA Licensing and Emerging Issues Committee. Xazel has also participated as a speaker at the NMLS and the Money Transmitter Regulators Association (MTRA) conferences.
Before the Texas DOB, Xazel also served in a variety of management positions for several banks in Texas where she oversaw all aspects of bank operations and ensured compliance with local, state and federal regulations.
In addition to holding a Bachelor’s of Business Administration degree with an emphasis in Finance from the University of Texas at Brownsville, Xazel has also completed numerous money services business, bank and trust courses as part of continuous professional development. Xazel is also bilingual in Spanish and English.