First Niagara Names Alexander Gress Treasurer
Regional Bank Appoints Senior Finance Executive With Broad Financial Services
Experience to Lead Treasury Function
BUFFALO, N.Y., Nov. 14, 2013 (GLOBE NEWSWIRE) -- First Niagara Financial
Group, Inc. (Nasdaq:FNFG) named Alexander Gress, an executive with broad
financial services experience at multiple top-tier companies, to serve as its
Senior Vice President and Treasurer.
"Alex has a deep understanding of financial markets and proven financial
services experience from his 18 years with major financial institutions and
global firms," Chief Financial Officer Gregory W. Norwood said. "We remain
committed to attracting top talent and we're pleased to have a financial
executive with Alex's expertise and track record on board to continue our
existing Treasury and balance sheet management strategies."
In his new role, Gress will be responsible for leading teams managing interest
rate risk, capital and liquidity, product pricing, and the investment
portfolio at First Niagara.
He joins First Niagara from J.E.N. Advisory, Inc., a private investment and
advisory company that he formed in Toronto to provide merchant banking
services such as seed capital investments, new business development, strategic
and financial planning, and institutional fund raising for early- to
medium-stage operating companies. Previously, he held various domestic and
international senior leadership roles at CIBC World Markets, JPMorgan
Securities, Wachovia Securities and Lehman Brothers.
A certified public accountant, Gress began his career at Price Waterhouse LLP
in its capital markets practice in New York. The Buffalo native graduated
Magna Cum Laude from Fordham University with a bachelor's in accounting.
Jeffrey Maddigan, who previously served as Treasurer, remains First Niagara's
Chief Investment Officer. As Senior Vice President and CIO, Maddigan will
continue to be responsible for leading the team overseeing the company's
investment portfolio, wholesale funding and product pricing.
About First Niagara
First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A.,
is a multi-state community-oriented bank with approximately 420 branches, $37
billion in assets, $27 billion in deposits, and approximately 6,000 employees
providing financial services to individuals, families and businesses across
Upstate New York, Pennsylvania, Connecticut and Massachusetts. For more
information, visit www.firstniagara.com.
CONTACT: First Niagara Contacts
Investors: Ram Shankar
Senior Vice President, Investor Relations
News Media: David Lanzillo
Senior Vice President, Corporate Communications
First Niagara Financial Group logo
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