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A look at M&T's two new leaders

M&T Bank Corp.'s newly named leaders:

Rene F. Jones, chairman and CEO

Jones followed an M&T management training program to the peak of the organization.

Jones, 53, joined M&T in 1992 as part of its Executive Associate program. That program recruits promising leaders with MBAs and some professional experience.

He had earned a bachelor's degree in management science at Boston College and an MBA from the University of Rochester's Simon School of Business. Jones started his career at the Boston office of Ernst & Young, serving a range of clients but with an emphasis on financial services. He became a certified public accountant. Before joining M&T, he held various roles at the Group Inc.

At M&T, Jones held a number of management positions in the finance division, leading to his appointment as chief financial officer in 2005. In that role, he became familiar to Wall Street, speaking to analysts on quarterly earnings conference calls. Jones handed off the CFO's duties in 2016.

Jones was named a vice chairman in 2014. Most recently he was responsible for M&T's wealth and institutional services, treasury and human resources divisions, as well as the bank's Buffalo Promise Neighborhood Initiative.

"Bob Wilmers was an inspiration to us all, and his legacy will live on in everything we do to support our colleagues, serve our customers and strengthen our communities," Jones said in a statement.

René Jones named M&T's chairman and CEO

Richard S. Gold, president and chief operating officer

Gold, 57, has also steadily risen through the bank's ranks since joining in 1989. He filled roles that had been vacant since Mark J. Czarnecki died in February.

Gold earned a bachelor's degree from Cornell University's School of Industrial and Labor Relations and an MBA from New York University's Stern School of Business. Before coming to M&T, he held positions in cash management and operations at Banker's Trust Co., and in marketing and product development at Citibank.

Gold took on an important role at M&T in 2014: chief risk officer. He ensured the bank completed the task of upgrading its anti-money laundering and Bank Secrecy Act programs to satisfy regulators. With the regulators' blessing, M&T completed its deal for Hudson City Bancorp and got the green light to make more deals. He was also named a vice chairman in 2014.

Gold handed off the chief risk officer's duties this year as part of new assignments he received. Gold has had overall responsibility for retail banking, business banking, mortgage and consumer lending, marketing and communications and the legal division.

Apart from M&T, he is an adjunct professor in the University at Buffalo's School of Management. Gold serves on Buffalo Seminary's board of trustees and the boards of the Westminster Foundation, the Buffalo Niagara Partnership and the Consumer Bankers Association.

"Together, the M&T family will carry on — as Bob would have wanted — focused as strongly and steadfastly as ever on our colleagues, our customers and our communities," Gold said in a statement.

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