Mike Todaro,
M&T's Current Chief Risk Officer, to Retire in Q1 2025
BUFFALO,
N.Y., Jan. 27, 2025 /PRNewswire/ -- M&T
Bank (NYSE:MTB) is pleased to announce the appointment of
Neeraj Singh as the bank's next
Chief Risk Officer (CRO) effective January
31, 2025. Singh will succeed M&T's current CRO,
Mike Todaro, whose long-planned
retirement was recently announced. Singh joins M&T Bank from
USAA, where he served as the Chief Risk Officer and a member of the
executive council responsible for overseeing all financial and
non-financial risks and compliance.
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 Jones, CEO and Chairman, M&T Bank.
"Neeraj's extensive experience and deep understanding of risk
management will be instrumental as we continue to develop and scale
our capability to manage risk in support of our continued growth.
We are confident that he will play a key role in delivering on our
commitment to the customers and communities we serve."
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 Maryland.
Singh will become a member of M&T's Executive Leadership
Team, reporting to René Jones, CEO
& Chairman, and Bob Sadler,
Chairman of the Board of Directors Risk Committee. Singh
will relocate to Buffalo, New
York from San Antonio,
Texas.
"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
M&T Bank Corporation is a financial holding company
headquartered in Buffalo, New
York. M&T's principal banking subsidiary, M&T Bank,
provides banking products and services with a branch and ATM
network spanning 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. For more
information about M&T Bank, visit www.mtb.com.
Equal Housing Lender. © 2025
M&T Bank. NMLS #381076. Member FDIC. All Rights
Reserved.
Media Contact:
Frank
Lentini
(929) 651-0447
flentini@mtb.com
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SOURCE M&T Bank Corporation
