Daily News: April 28, 2015

Webster Bank Promotes Wandelmaier to EVP

Webster Bank promoted Bruce Wandelmaier as EVP, treasurer. In this role, Wandelmaier is directly responsible for the bank’s investment portfolio, funding, capital structure and interest rate risk. He had previously held the title of senior vice president, treasurer.

“Bruce is relentless in his quest to achieve outstanding results. Under his leadership, the treasury team has helped Webster make meaningful strides along the path to high performance,” said EVP and CFO Glenn MacInnes. “The return on our investment portfolio has consistently ranked at or near the top of our peer group. Our funding and capital needs have been continually rationalized to achieve optimization, and the bank is well positioned for the eventual rise in interest rates.”

Wandelmaier joined Webster in 1999 and was named treasurer in 2007. In addition to his treasury responsibilities, he is the chair of the Asset Liability Committee, the Bank Alternative Investment Committee and various loan and deposit pricing committees. He serves on Webster’s retirement committee and the boards of Webster Preferred Capital Corporation (WPCC) and Webster Mortgage Investment Corporation (WMIC). He is also the treasurer of the Harold Webster Smith Foundation.