Neeraj Singh’s Extensive Background Across Prominent Bank Names
Singh brings over two decades of rich experience in the financial industry to M&T Bank, with a strong focus on risk management. His career trajectory includes leadership roles at several well-known bank names. Before joining M&T, Singh served as CRO at USAA for four years, a financial services group renowned for serving members of the U.S. military and their families. Prior to USAA, his experience includes approximately four years as CRO of Citi’s U.S. consumer bank, a significant division within Citigroup, one of the world’s leading bank names. Furthermore, Singh held the position of CRO for TD’s enterprise consumer risk, models, and capital assessment for over five years, contributing to the risk management framework of another major North American bank name, TD Bank. His earlier career also includes risk management roles at Barclays, a global financial services provider. This diverse background across various reputable bank names positions him well to lead risk management at M&T Bank.
Mike Todaro’s Legacy and Contribution to M&T Bank
Mike Todaro, the outgoing CRO, leaves behind a substantial legacy at M&T Bank after nearly three decades of service. Joining M&T in 1995, Todaro has been instrumental in the bank’s growth and success. During his tenure as CRO, a role he assumed in 2021, Todaro significantly enhanced and scaled M&T’s risk management capabilities. His contributions extended beyond risk management, having previously led M&T’s mortgage and consumer lending businesses. He also served as the bank’s first head of enterprise transformation, demonstrating his versatility and impact across different facets of the organization. His retirement marks the end of an era for M&T Bank’s leadership in risk management.
Strategic Leadership and Future Direction for Bank Names Like M&T Bank
René Jones, CEO of M&T Bank, emphasized the importance of Singh’s appointment for the bank’s future. “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,” Jones stated. He expressed confidence in Singh’s role in upholding the bank’s commitment to customers and communities. Singh, in turn, voiced his admiration for M&T’s community-focused mission and his enthusiasm to contribute to the bank’s risk management advancements. As CRO, Singh will become a key member of M&T’s executive leadership team, relocating to the bank’s headquarters in Buffalo, New York.
This leadership transition at M&T Bank is part of a broader trend within the banking industry. Earlier in the year, M&T Bank appointed Krista Phillips as its first-ever Chief Customer Officer, signaling a focus on customer-centric strategies. Similarly, KeyBank, another regional bank name, recently appointed Mo Ramani as its new CRO, highlighting the dynamic nature of executive roles within major bank names as they adapt to evolving market conditions and strategic priorities. These changes underscore the critical importance of experienced leadership in navigating the complexities and opportunities within the banking sector.
