By Joshua Burd
Peapack-Gladstone Bank has promoted a veteran executive to senior vice president and director of strategy and development.
According to the lender and its parent company, Peapack-Gladstone Financial Corp., Matthew Remo is responsible for developing and formalizing the company’s business strategy, identifying critical objectives and priorities and expanding data analytics and management information systems to measure and report progress. He is also responsible for ensuring that the scope of enterprise risk management activities — including capital, liquidity and credit — aligns with the bank’s defined business strategies.
Remo, who joined the bank in 2019 as vice president, senior enterprise risk officer, also continues to lead new markets and products governance and serves on many of its committees. He was promoted last October to vice president, director of strategy development.
In a news release, the lender cited Remo’s significant contributions across areas such as capital and strategic planning, credit reviews, equipment finance, regulatory compliance, enterprise risk management, digital initiatives and new product governance. He has also played a significant role in the bank’s Paycheck Protection Program lending efforts.
The University of Connecticut graduate joined Peapack-Gladstone after 10 years with the Federal Reserve Bank of New York, the news release said. As senior examiner of large banking organizations, he specialized in capital and strategic planning, wealth management, asset-liability management and stress testing.
Prior to that, he was a supervisory manager of regional and community banks, where he managed safety and soundness examination teams and leading technology design and implementation efforts across the Second District of the Federal Reserve Bank.