The Bancorp has appointed Hugh McFadden Chief Operating Officer of the Company and the Bank, pending regulatory approval, and John Leto has been named to the new role of Chief Administrative Officer of the Company and the Bank. Both will report to Damian Kozlowski, CEO and President.
Hugh McFadden, who joined the company in June 2016, will have oversight of Loan Operations, Retail Operations, Information Technology, and all Credit, Compliance, and Risk Management functions. Hugh served as a Consultant for Promontory Financial Group on regulatory compliance issues. Past roles include Chief Operating Officer and Chief Risk Officer of Modern Bank, N.A., where he played a leading role in regulatory remediation efforts, the development of a compliance risk management program, and the introduction of an enterprise risk management system. Hugh also served in various capacities within The Citigroup Private Bank, including as Chief Operating Officer for both the Americas and Europe divisions. Prior to that, he held various executive roles with Bankers Trust Company. He began his career with the U.S. Treasury Department and the Export Import Bank of the U.S.
These strategic appointments are the first step in defining the future vision of The Bancorp. Hugh and John both bring to the company vast experience and knowledge of the financial services industry, and I look forward to working with them as we shape the organization.
John Leto, who joined the company in July 2016, will oversee Operations Services, Marketing, Public Relations and Investor Relations, as well as Human Resources, Organization Development, and all Sales Effectiveness and Practice Management programs. Previously, Leto served as Senior Vice President and Head of National Sales of Wealth Management at TD Bank where he managed the sales expansion strategy throughout the U.S. footprint. Before joining TD Wealth, Leto was President and Chief Executive Officer of Standard Chartered Americas Private Bank and Chairman, President, and Chief Executive Officer of StanChart Securities International. As part of Standard Chartered’s U.S. Executive Committee he was responsible for all Wealth Management businesses within the U.S. and Latin America. He also held several senior management roles at Citigroup, where he served as The Citigroup Private Bank’s Chief Administrative Officer with responsibility for the U.S., Latin America, Asia, Europe, and the Middle East.