New York-based Metropolitan Commercial Bank has appointed Gregory Gaare as senior vice president (SVP) and chief risk officer, Theodore Andreades as SVP and anti-money laundering officer, and John McCaffery as SVP and treasurer.
The appointments have been made in a bid to boost the bank’s risk management and finance teams.
Gaare brings 32 years of risk management and regulatory experience to his new role, joining from Flagstar Bank, where he most recently served as deputy chief risk officer in the bank’s risk management division. He has also notably served in various senior roles at Alliance Capital Management, Barclays Bank, the Federal Deposit Insurance Corporation (FDIC), and the Federal Reserve Bank of New York.
Commenting on his appointment, Gaare said he looks forward to “contributing to the bank’s growth and development, supported by robust risk management and regulatory-compliant frameworks”.
Andreades brings 37 years of experience in AML, Bank Secrecy Act, compliance and other related roles, having held positions at New York Community Bank (NYCB), JP Morgan Chase, American International Group (AIG), and the Teachers Insurance Annuity Association and the College Retirement Equity Fund (TIAA-CREF). He most recently managed the integration of NYCB, Flagstar Bank and Signature Bank’s BSA and OFAC departments.
McCaffery brings four decades of bank finance expertise, predominantly serving as a senior finance professional across renowned New York regional and community banks such as Dime Community Bancorp, Bridge Bancorp, State Bank of Long Island, Capital One, and North Fork Bank. He recently held the position of EVP and chief financial officer at Newtek Bank.
Founded in 1999, Metropolitan Commercial Bank provides a range of business, commercial and personal banking products to individuals, small businesses, private and public middle-market firms and government entities. It claims to have $5.7 billion in deposits.
