Metropolitan Commercial Bank adds risk chief, AML officer
By 
Jeff Dale2024-03-04T19:39:00
New York-based Metropolitan Commercial Bank (MCB) announced the appointments of a chief risk officer and Bank Secrecy Act/anti-money laundering (BSA/AML) officer to bolster its reporting lines following a $30 million enforcement action from federal and state authorities last year.
Gregory Gaare, appointed as senior vice president and chief risk officer, and Theodore George Andreades, appointed as senior vice president and BSA/AML officer, will help lead the bank in its “course toward expansion,” said Mark DeFazio, president and chief executive of MCB, in a press release Thursday.
“[MCB] is delighted to welcome [Gaare], a seasoned risk management professional,” said DeFazio. “… Securing the expertise of [Andreades], an experienced BSA/AML officer, is crucial in assembling a robust risk management team capable of navigating today’s and tomorrow’s regulatory landscape.”
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