Webster Appoints Vikram Nafde to Executive Vice President, Chief Information Officer

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Webster Financial Corporation (NYSE: WBS) appointed Vikram Nafde as Executive Vice President and Chief Information Officer, effective June 10, 2022. Nafde has over 25 years of experience in digital transformation and previously worked at Bridgewater Associates and GE Asset Management. As part of the Executive Management Committee, he will lead technology strategies, focusing on cybersecurity, data strategy, and innovation. His leadership is expected to enhance technology initiatives for clients and employees.

Positive

• Vikram Nafde's appointment brings extensive experience in digital transformation.
• Nafde's leadership is expected to enhance technology initiatives for clients and employees.

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• None.

STAMFORD, Conn., June 10, 2022 /PRNewswire/ -- Webster Financial Corporation (NYSE: WBS), the holding company for Webster Bank, N.A. and its HSA Bank division, announced today that Vikram Nafde has been appointed to Executive Vice President, Chief Information Officer in charge of Information Technology. As a member of Webster Bank's Executive Management Committee (EMC), Vikram is responsible for the strategy and execution of all Webster technology, including cybersecurity, data strategy and tech innovation.

"Vikram is a dynamic leader with extensive experience in large-scale digital transformation that will be instrumental as we deliver enhanced technology initiatives to our clients and colleagues," said Luis Massiani, Executive Vice President, Chief Operating Officer.

With more than 25 years of industry experience, Nafde joined Webster in 2020 as Senior Vice President, Head of Software Engineering, Digital Delivery and Agility, shaping and leading all aspects of the Bank's software development and the rollout of the Scaled Agile operating model. Prior to joining Webster, Vikram held a variety of technology leadership roles with Bridgewater Associates, GE Asset Management, Genpact, and Starwood.

A resident of Darien, Connecticut, Nafde earned his Electrical Engineering degree from Visvesvaraya National Institute of Technology and an MBA in Finance and IT from the University of Connecticut School of Business.

About Webster
Webster Financial Corporation (NYSE:WBS) is the holding company for Webster Bank, N.A. and its HSA Bank Division. Webster is a leading commercial bank in the Northeast that provides a wide range of digital and traditional financial solutions across differentiated lines of business including, Commercial Banking, Consumer Banking and its HSA Bank division, one of the country's largest providers of employee benefits solutions, well as Banking as a Service and BrioDirect. Headquartered in Stamford, CT, Webster is a values-driven organization with more than $65 billion in assets. Its core footprint spans the northeastern U.S. from New York to Massachusetts, with certain businesses operating in extended geographies. Webster Bank is a member of the FDIC and an equal housing lender. For more information about Webster, including past press releases and the latest annual report, visit the Webster website at www.websterbank.com.

Media Contact:
Alice Ferreira, 203-578-2610 
acferreira@websterbank.com

Investor Contact:
Emlen Harmon, 212-309-7646
eharmon@websterbank.com

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SOURCE Webster Financial Corporation

FAQ

Who is Vikram Nafde, and what is his role at Webster Financial?

Vikram Nafde is appointed as Executive Vice President and Chief Information Officer at Webster Financial, responsible for leading technology strategy and execution.

What experience does Vikram Nafde bring to Webster Financial?

Nafde has over 25 years of industry experience, previously holding leadership roles at Bridgewater Associates and GE Asset Management.

When was Vikram Nafde appointed as the Chief Information Officer of Webster Financial?

Vikram Nafde was appointed on June 10, 2022.

What will be Vikram Nafde's responsibilities at Webster Financial?

He will oversee the strategy and execution of all technology initiatives, including cybersecurity and tech innovation.