M&T Bank Corporation announced a new chief risk officer, Donald Truslow, yesterday in a statement. Truslow has served at The Financial Services Roundtable, a financial services industry association, in the position of president of the association's Financial Stability Industry Council for the past two years. Truslow previously served at Wachovia Corporation, where he was a senior executive vice president and chief risk officer for more than eight years.
In addition to taking on the chief risk officer role, Truslow will also become an executive vice president and a member of Buffalo, N.Y-based M&T's management committee.
The bank's CEO and chairman Robert Wilmers said that the hiring of Truslow - with his 33 years of experience in banking - was in line with the bank's conservative management principles. "Mr Truslow will help keeps our commitment to those principles strong and steadfast as we continue to grow and succeed on today's ever-changing regulatory and economic environment," Wilmers said in the bank's statement.