OSWEGO — Adam C. Gagas has been elected to the board of directors of Pathfinder Bank.
Gagas is founder and CEO of Breakwall Asset Management, LLC, a New York state registered investment advisor based in Oswego.
“He [Gagas] provides our board with more than 15 years of experience in global financial markets, as well as expertise in asset management and property development,” Chris R. Burritt, chairman of the Pathfinder board, said in a news release.
Adam Gagas’s father, Chris Gagas, previously served as Pathfinder Bank’s president and CEO, as well as chairman of the board for 18 years.
“Adam and the Gagas Family have been instrumental in the growth of Pathfinder Bank for decades, and we value the commitment they have always maintained for our bank’s mission and strategic direction,” Burritt said.
Before starting Breakwall Asset Management, Gagas was an analyst on teams managing multi-billion dollar portfolios at Skandia Asset Management and Principal Global Investors in New York City, according to the Pathfinder news release.
Gagas is also the owner/operator of Gagas Realty Corp., a multi-property commercial real-estate holding company. He is also an adjunct instructor of corporate finance at the SUNY Oswego School of Business.
Gagas earned a bachelor’s degree from Hobart College with majors in economics and Russian studies, and an MBA with a concentration in finance from the Leonard N. Stern School of Business at New York University
Pathfinder Bank is a state chartered savings bank headquartered in Oswego. The banking company (NASDAQ: PBHC) reported total assets of $504 million as of Dec. 31.