Buffalo — M&T Bank (NYSE: MTB) — which ranks No. 1 in deposit market share in the 16-county Central New York region — recently announced a group of leadership updates in its commercial bank unit. The changes include the following promotions and new hires. Tim Gallagher has been named head of commercial real estate (CRE). […]
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Buffalo — M&T Bank (NYSE: MTB) — which ranks No. 1 in deposit market share in the 16-county Central New York region — recently announced a group of leadership updates in its commercial bank unit. The changes include the following promotions and new hires.
Tim Gallagher has been named head of commercial real estate (CRE). He brings more than 25 years of CRE experience to M&T, including stints with Morgan Stanley and Annaly Capital. In this role, Gallagher will oversee all aspects of the CRE platform and strategy including both on and off-balance sheet activities. Matt Petrula will continue as head of regional real estate and will work closely with Gallagher to coordinate and execute M&T’s CRE strategy, according to an M&T bank news release issued on June 27.
M&T Bank has promoted Hugh Giorgio to head of investment banking. Giorgio, a 20-year veteran of M&T’s Investment Bank, currently holds the role of head of debt capital markets which includes commercial & industrial and CRE loan capital markets, fixed-income capital markets, equity capital markets, and loan sales and trading. Giorgio will maintain these responsibilities while expanding his oversight to include the bank’s broker-dealer, M&T Securities, and mergers and acquisitions advisory business unit.
The bank hired Jeff Carpenter as head of specialty and corporate banking. Prior to joining M&T, he spent 10 years with People’s United commercial banking business on capital markets, specialty finance, commercial strategy, and health care. In this role, Carpenter will oversee franchise banking, leveraged lending, fund banking, and large corporate and mortgage warehouse lending, in addition to his current responsibilities leading Treasury capital markets.
Michelle Brett has been appointed head of commercial risk at M&T Bank. She brings more than 25 years of risk-management experience to her new role. Brett most recently worked at J.P. Morgan Chase, where she spent the past 19 years in risk, operations, and business administration within the commercial bank. In this role, Brett is responsible for oversight of activities identifying, assessing, monitoring, and controlling risk. the head of commercial risk facilitates the establishment of division-wide and business line-specific policies, procedures, and limits.
All of the positions M&T Bank announced will report directly to Peter D’Arcy, head of its commercial bank.
“It is an exciting time at M&T as we continue to grow the ways in which we bring ideas, solutions, and support to our diverse portfolio of clients,” said D’Arcy. “The deep breadth of experience that Gallagher, Giorgio, Carpenter, and Brett bring when combined with our strong existing leadership team allows us to execute our strategy while ensuring we continue to evolve with our customers and expand our product offerings.”
M&T Bank, provides banking products and services in 12 states across the eastern U.S. from Maine to Virginia and Washington, D.C. Trust-related services are provided in select markets in the U.S. and abroad by M&T’s Wilmington Trust-affiliated companies and by M&T Bank.