ASSETS has announced that Jaime Arroyo has been appointed by the organization's board as the new CEO.

A Lancaster native and experienced business leader, Arroyo succeeded Jesse Casler, ASSETS' interim CEO, and assumed responsibilities on June 20. The ASSETS board voted in Casler, current chief operating officer of HOPE International, as the interim CEO in early January. He took a study leave from HOPE in order to lead ASSETS while the board conducted a formal CEO search.

Arroyo returns to his roots at ASSETS. From 2017 to 2019, he served as ASSETS' director of community lending. He led the community lending and social enterprise development efforts at ASSETS. Arroyo coached and advised people on the finances and business plans of small business owners, specifically women, immigrants, people of color, and enterprisers that benefit the larger community.

From 2020 to 2022, Arroyo served as chief strategy officer at Community Action Partnership of Lancaster County, an anti-poverty organization that helps low-income families achieve economic empowerment. As chief strategy officer, Arroyo led CAP's strategy implementation, including the agency's Diversity, Equity, and Inclusion initiative and leadership development for emerging leaders.

Arroyo earned his Bachelor of Science in business administration from Millersville University and launched his career with Fulton Financial Corporation. In 2016, he completed his Master of Business Administration at Drexel University with a concentration in entrepreneurship and innovation management. In 2018, Arroyo was elected curator for the Global Shapers Lancaster Hub, an initiative of the World Economic Forum. In addition, he began his first term as a councilor for the City of Lancaster in January 2020, and he is the current chair of the Economic Development Committee and a commissioner for the Governor's Advisory Commission for Latino Affairs.