M&T Bank Appoints Neeraj Singh as New Chief Risk Officer
M&T Bank (NYSE:MTB) has announced the appointment of Neeraj Singh as its new Chief Risk Officer (CRO), effective January 31, 2025. Singh will succeed current CRO Mike Todaro, who plans to retire in Q1 2025. Singh joins from USAA, where he served as Chief Risk Officer and executive council member, bringing over 20 years of risk management and financial services experience.
Singh will oversee M&T Bank's risk management strategies and join the Executive Leadership Team, reporting to CEO René Jones and Risk Committee Chairman Bob Sadler. His previous experience includes leadership roles at Citigroup, TD Bank, and Barclays. He holds an undergraduate degree from Birla Institute of Technology and an MBA from the University of Maryland.
The outgoing CRO, Mike Todaro, has served nearly 30 years at M&T Bank, holding the CRO position since 2021. During his tenure, he enhanced the bank's risk management capabilities and led various divisions including Mortgage and Consumer Lending.
M&T Bank (NYSE:MTB) ha annunciato la nomina di Neeraj Singh come nuovo Chief Risk Officer (CRO), con effetto dal 31 gennaio 2025. Singh succederà all'attuale CRO Mike Todaro, che prevede di andare in pensione nel primo trimestre del 2025. Singh proviene da USAA, dove ha ricoperto il ruolo di Chief Risk Officer e membro del consiglio esecutivo, portando con sé oltre 20 anni di esperienza nella gestione del rischio e nei servizi finanziari.
Singh supervisionerà le strategie di gestione del rischio di M&T Bank e si unirà al Team di Leadership Esecutiva, riferendo al CEO René Jones e al presidente del Comitato per il Rischio Bob Sadler. La sua esperienza precedente include ruoli dirigenziali presso Citigroup, TD Bank e Barclays. Ha conseguito una laurea presso il Birla Institute of Technology e un MBA presso l'Università del Maryland.
Il CRO uscente, Mike Todaro, ha lavorato per quasi 30 anni presso M&T Bank, ricoprendo il ruolo di CRO dal 2021. Durante il suo mandato, ha potenziato le capacità di gestione del rischio della banca e ha guidato diverse divisioni tra cui Mutui e Prestiti al Consumo.
M&T Bank (NYSE:MTB) ha anunciado el nombramiento de Neeraj Singh como su nuevo Chief Risk Officer (CRO), con efecto a partir del 31 de enero de 2025. Singh sucederá al actual CRO Mike Todaro, quien planea retirarse en el primer trimestre de 2025. Singh llega de USAA, donde se desempeñó como Chief Risk Officer y miembro del consejo ejecutivo, aportando más de 20 años de experiencia en gestión de riesgos y servicios financieros.
Singh supervisará las estrategias de gestión de riesgos de M&T Bank y se unirá al Equipo de Liderazgo Ejecutivo, reportando al CEO René Jones y al presidente del Comité de Riesgos Bob Sadler. Su experiencia previa incluye roles de liderazgo en Citigroup, TD Bank y Barclays. Tiene un título de grado del Birla Institute of Technology y un MBA de la Universidad de Maryland.
El CRO saliente, Mike Todaro, ha trabajado casi 30 años en M&T Bank, ocupando el cargo de CRO desde 2021. Durante su mandato, mejoró las capacidades de gestión de riesgos del banco y lideró varias divisiones, incluyendo Hipotecas y Préstamos al Consumidor.
M&T Bank (NYSE:MTB)는 Neeraj Singh를 새로운 최고 리스크 책임자(CRO)로 임명했다고 발표했습니다. 임기는 2025년 1월 31일부터 시작됩니다. Singh는 현재의 CRO인 Mike Todaro의 뒤를 이어 2025년 1분기에 퇴직할 예정입니다. Singh는 20년 이상의 리스크 관리 및 금융 서비스 경험을 갖고 있으며 USAA에서 최고 리스크 책임자 및 집행 위원회 멤버로 재직한 바 있습니다.
Singh는 M&T Bank의 리스크 관리 전략을 감독하며 경영진 리더십 팀에 합류하여 CEO René Jones 및 리스크 위원회 의장 Bob Sadler에게 보고합니다. 그의 이전 경험으로는 Citigroup, TD Bank 및 Barclays에서의 리더십 역할이 포함됩니다. 그는 Birla Institute of Technology에서 학위를 취득하고 메릴랜드 대학교에서 MBA를 취득했습니다.
퇴임하는 CRO인 Mike Todaro는 M&T Bank에서 거의 30년을 근무하였으며 2021년부터 CRO 직책을 맡고 있었습니다. 그의 재임 기간 동안 은행의 리스크 관리 능력을 향상시키고 주택담보대출 및 소비자 대출을 포함한 여러 부서를 이끌었습니다.
M&T Bank (NYSE:MTB) a annoncé la nomination de Neeraj Singh en tant que nouveau directeur des risques (CRO), avec effet au 31 janvier 2025. Singh succédera à l'actuel CRO Mike Todaro, qui prévoit de prendre sa retraite au premier trimestre 2025. Singh rejoint USAA, où il a été directeur des risques et membre du conseil exécutif, apportant plus de 20 ans d'expérience en gestion des risques et en services financiers.
Singh supervisera les stratégies de gestion des risques de M&T Bank et rejoindra l'équipe de direction exécutive, reportant au PDG René Jones et au président du comité des risques Bob Sadler. Son expérience précédente comprend des postes de direction à Citigroup, TD Bank et Barclays. Il est titulaire d'un diplôme de premier cycle du Birla Institute of Technology et d'un MBA de l'université du Maryland.
Le CRO sortant, Mike Todaro, a servi pendant près de 30 ans chez M&T Bank, occupant le poste de CRO depuis 2021. Pendant son mandat, il a amélioré les capacités de gestion des risques de la banque et dirigé plusieurs divisions, notamment les prêts hypothécaires et les prêts à la consommation.
M&T Bank (NYSE:MTB) hat die Ernennung von Neeraj Singh zum neuen Chief Risk Officer (CRO) bekannt gegeben, die am 31. Januar 2025 wirksam wird. Singh wird den aktuellen CRO Mike Todaro ersetzen, der im ersten Quartal 2025 in den Ruhestand gehen möchte. Singh kommt von USAA, wo er als Chief Risk Officer und Mitglied des Exekutivrats tätig war und mehr als 20 Jahre Erfahrung im Risikomanagement und im Finanzdienstleistungssektor mitbringt.
Singh wird die Risikomanagementstrategien von M&T Bank beaufsichtigen und dem Executive Leadership Team beitreten, wobei er an CEO René Jones und den Vorsitzenden des Risikomiittee Bob Sadler berichtet. Zu seinen vorherigen Erfahrungen gehören Führungsrollen bei Citigroup, TD Bank und Barclays. Er hat einen Bachelor-Abschluss vom Birla Institute of Technology sowie einen MBA von der University of Maryland.
Der scheidende CRO, Mike Todaro, war fast 30 Jahre bei M&T Bank tätig und hat die CRO-Position seit 2021 inne. Während seiner Amtszeit hat er die Risikomanagementfähigkeiten der Bank verbessert und verschiedene Abteilungen, darunter Hypotheken und Verbraucherkredite, geleitet.
- Appointment of experienced executive with over 20 years in risk management
- Smooth leadership transition with planned succession
- New CRO brings diverse experience from major financial institutions
- Departure of long-serving executive with 30 years of company experience
- Potential disruption during leadership transition period
Mike Todaro, M&T's Current Chief Risk Officer, to Retire in Q1 2025
Singh brings over 20 years of risk management and financial services industry experience along with a proven track record in managing complex risk environments. In his new role, he will be responsible for overseeing M&T Bank's risk management strategies and ensuring the bank's continued commitment to risk governance.
"We are thrilled to welcome Neeraj Singh to our executive team," said René
Prior to his work at USAA, Singh held risk management leadership roles at Citigroup, TD Bank, and Barclays. Singh received his undergraduate degree from Birla Institute of Technology and an MBA from the University of
Singh will become a member of M&T's Executive Leadership Team, reporting to René
"I am very impressed with M&Ts mission and strong focus on serving the communities where it operates. I am honored to join the bank and look forward to working with the talented team to further enhance the bank's risk management capabilities," said Singh. "Together, we will continue to build a resilient and forward-thinking risk culture that supports M&T's mission and values."
Mike Todaro has been a pivotal figure in M&T's growth and success during his nearly 30-year career at the bank. Since assuming the role of Chief Risk Officer in 2021, he has significantly enhanced and scaled M&T's risk management capabilities as well as developed talent within the division. During his tenure with the bank, Todaro has also led the Mortgage and Consumer Lending businesses and served as the first head of Enterprise Transformation.
About M&T Bank
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Media Contact:
Frank Lentini
(929) 651-0447
flentini@mtb.com
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SOURCE M&T Bank Corporation
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