Fargo, North Dakota February 09, 2022 –(PR.com)– MB Schoen & Associates, Inc., (“MBSA”), a leading institutional insurance advisory firm, is pleased to announce that Gerard “Jerry” Colaluca, a respected 35-year veteran of the banking industry, has joined the firm as Vice- Senior Chairman, Chief Banking Strategist. Jerry will be responsible for formulating corporate strategy and growing the Institutional Markets business unit.
Jerry’s expertise in the areas of banking asset and liability management, risk management, structured finance and fintech significantly enhances and expands MBSA’s ability to meet client needs. Our deep expertise, unbiased advice and state-of-the-art systems have enabled financial institutions to improve profitability and manage risk more effectively for 30 years. Being a trusted advisor to two of the top five U.S. banks and having more than $25 billion of assets under administration is proof of our position as client-best-interest.
Prior to joining MBSA, Jerry’s career at BNY Mellon spanned 35 years and directly contributed to BNY Mellon’s transition from a $5 billion regional bank in 1977 to its current 400 billion dollars investment banking services model. The evolution of BNY Mellon included both organic growth and major banking mergers and acquisitions, where Jerry held leadership roles within domestic and international corporate treasury.
Matt Schon, Founder and President, welcomes Jerry to MBSA. “We are thrilled to have Jerry join our team. It’s rare to find someone of his caliber, diverse experience and stellar reputation. We are particularly pleased that his vast expertise, ranging from regulatory compliance to Fintech, extends our ability to meet the varied and evolving needs of our clients.
According to Jerry, “MBSA’s banking risk management and advisory solutions are multidisciplinary: balancing the complexity of relative risk defined as market, credit, legal, tax, operational, reputation and regulatory compliance. In my experience, a comprehensive risk assessment results in improved economics.
“There are relatively few options for banks seeking our level of financial, accounting and regulatory expertise for such a specialized niche market,” Jerry said.
MB Schoen & Associates, Inc.
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