M&T Bank has announced a slate of leadership updates in its Commercial Bank which are designed to support its ongoing evolution and commitment to providing best-in-class support to its clients and communities. These changes include the following promotions and new hires:

• Jeff Carpenter has been named Head of Specialty and Corporate Banking. Prior to joining M&T, Carpenter spent 10 years with People’s United Commercial Banking business on Capital Markets, Specialty Finance, Commercial Strategy, and Healthcare. In this role, Carpenter will oversee Franchise Banking, Leveraged Lending, Fund Banking, and Large Corporate and Mortgage Warehouse Lending in addition to his current responsibilities leading Treasury Capital Markets.
• Michelle Brett has been appointed Head of Commercial Risk. Brett brings over 25 years of risk management experience to her new role, most recently at J.P. Morgan Chase where she spent the past 19 years in risk, operations, and business administration within the Commercial Bank. In this role, Brett is responsible for oversight of activities identifying, assessing, monitoring, and controlling risk. The Head of Commercial Risk facilitates the establishment of division-wide and business line-specific policies, procedures, and limits.
• Tim Gallagher has been named Head of Commercial Real Estate. Gallagher brings over 25 years of CRE experience to M&T, including tenures with Morgan Stanley and Annaly Capital. In this role, Gallagher will oversee all aspects of the CRE platform and strategy including both on and off-balance sheet activities. Matt Petrula will continue as head of Regional Real Estate and will work closely with Gallagher to coordinate and execute M&T’s CRE strategy.
• Hugh Giorgio has been named Head of Investment Banking. Giorgio, a 20-year veteran of M&T’s Investment Bank, currently holds the role of Head of Debt Capital Markets which includes C&I and CRE Loan Capital Markets, Fixed Income Capital Markets, Equity Capital Markets, and Loan Sales and Trading. Giorgio will maintain these responsibilities while expanding his oversight to include the bank’s broker-dealer, M&T Securities, and Mergers and Acquisitions Advisory business unit.

All of the positions announced above will report directly to Peter D’Arcy, Senior Executive Vice President and Head of the Commercial Bank.

“It is an exciting time at M&T as we continue to grow the ways in which we bring ideas, solutions, and support to our diverse portfolio of clients,” said D’Arcy. “The deep breadth of experience that Gallagher, Giorgio, Carpenter, and Brett bring when combined with our strong existing leadership team allows us to execute our strategy while ensuring we continue to evolve with our customers and expand our product offerings.”