Berkshire Hills Bancorp, the parent company of Berkshire Bank, appointed Subhadeep Basu senior executive vice president and CFO of the company and the bank. Basu will succeed James M. Moses, who chose to leave the company to pursue other interests.
In his new role, Basu will serve as the company’s top financial officer. He will work with senior management to meet the organization’s objectives and regulatory requirements. He also will evaluate current and future operating performance with the goal of enhancing shareholder value, maintaining and improving financial flexibility, and enhancing Berkshire’s overall financial position.
“Subhadeep is a dynamic leader with extensive experience at global financial institutions, enabling change and driving growth across complex organizations and environments,” Nitin Mhatre, CEO of Berkshire Hills Bancorp and Berkshire Bank, said. “He brings Berkshire a diverse set of leadership skills and a proven track record of improving revenue and profitability through a customer-centric approach, focusing on transformation, operating model realignment and adoption of emerging technologies and digitization. His extensive experience and leadership will be instrumental in the execution of our transformational strategic plan to enhance value for all stakeholders.”
Basu is a senior executive with more than 20 years of global banking, financial and risk management experience. Prior to joining Berkshire, Basu served as senior vice president of global institutional services at State Street. He also previously served as senior vice president of finance at State Street, leading global regulatory reporting, capital strategy and optimization, and finance and risk infrastructure. Before joining State Street, he spent more than 15 years at Citigroup, Bank of America and Ally Financial in various leadership roles across finance, treasury, risk, and consumer and commercial banking.
