He enjoyed an extensive tenure with an insurance giant
M&T Bank Corporation has announced Neeraj Singh (pictured) as its new chief risk officer, effective January 31, 2025. Singh will succeed Mike Todaro, who is set to retire in the first quarter of 2025 after nearly three decades at the bank.
Singh joins M&T Bank following his tenure as chief risk officer at USAA, where he managed financial and non-financial risks and compliance. With over 20 years of experience in risk management across institutions like Citigroup, TD Bank, and Barclays, Singh was lauded for his ability to navigate complex risk environments.
René Jones, M&T Bank’s CEO and chairman, welcomed Singh, stating, “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.”
In his new role, Singh will oversee risk management strategies and report to Jones and Bob Sadler, chairman of the board of directors risk committee. He will also join M&T’s executive leadership team and relocate to Buffalo, N.Y., from San Antonio, Texas.
Expressing his enthusiasm, Singh remarked, “I am very impressed with M&T’s 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. Together, we will continue to build a resilient and forward-thinking risk culture that supports M&T’s mission and values.”
A news release highlighted that Todaro, who has served as CRO since 2021, played a key role in expanding M&T’s risk management infrastructure and developing talent within the division. Throughout his career at M&T, he also led the mortgage and consumer lending businesses and spearheaded enterprise transformation efforts.
M&T Bank, headquartered in Buffalo, N.Y., operates branches and ATMs across the eastern United States, providing a range of banking services.
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