Courier Capital, LLC Promotes James E. Iglewski to President, Thomas J. Hanlon to Executive Vice President of Wealth Management and Co-Chief Investment Officer
24 October 2023 - 11:00PM
Courier Capital, LLC (“Courier Capital”), an SEC-registered
investment advisory firm and wholly-owned subsidiary of Financial
Institutions, Inc. (NASDAQ: FISI) (the “Company”) today announced
that James E. Iglewski has been promoted to President, succeeding
longtime leader Thomas J. Hanlon, CFA, CFP®, CEBS, who transitions
to the role of Executive Vice President of Wealth Management and
Co-Chief Investment Officer.
As President, Mr. Iglewski, who most recently
served as a Senior Managing Director with Courier Capital, will
assume oversight of the firm’s core operations. As Executive Vice
President of Wealth Management and Co-Chief Investment Officer, Mr.
Hanlon, who served as President since 2016, will continue to
provide strategic direction as well as focus on researching and
monitoring Courier Capital’s mutual fund and exchange traded fund
investment platform. Both Mr. Iglewski and Mr. Hanlon will continue
to serve on the firm’s investment committee and manage investment
portfolios for institutional and high-net-worth clients.
“Courier Capital’s well-earned reputation for
fiduciary excellence and personalized, high-touch service spans
more than five decades,” said Martin K. Birmingham, President and
Chief Executive Officer of the Company. “This new leadership
structure allows Tom, Jim and rest of the Courier Capital team to
continue serving our wealth management, retirement plan and
institutional services clients at the highest level, while
positioning us for continued growth moving forward.”
In May, Courier Capital expanded through a
merger with Rochester-based affiliate HNP Capital, LLC. The merger
streamlined the Company’s ability to provide innovative financial
products and services to current and prospective clients, including
those of Five Star Bank and SDN Insurance Agency, LLC.
“Having led Courier Capital through a successful
merger earlier this year that helped us grow into one of the
largest wealth management firms in Western New York, I am excited
to focus more of my energy on continuing to help lead our
investment strategy and, importantly, my own client relationships,”
said Mr. Hanlon. “Jim has made an incredible impact since joining
our firm. His more than 25 years of experience serving
institutional and private endowments, high-net-worth individuals
and families will benefit our team and our clients immensely as he
assumes a greater leadership role.”
“Courier Capital’s boutique, client-centric
approach and commitment to research-driven independent guidance are
what attracted me to this firm. I’m honored to have the opportunity
to support its continued growth and, more importantly, the
long-term financial success of our clients,” commented Mr.
Iglewski.
Mr. Hanlon joined the firm in 2005. Prior to
that, he served as a Vice President, Senior Portfolio Manager and
Regional Manager for M&T Bank’s Private Client Services and as
a Vice President and Senior Portfolio Manager with HSBC Bank, USA.
Mr. Hanlon holds a B.S. degree in Business Management from Canisius
College and earned his M.B.A. in Finance from the State University
of New York at Buffalo.
Mr. Iglewski joined the firm in July 2022 after
more than two decades in private banking with several large U.S.
banks. Prior to joining Courier Capital, Mr. Iglewski served as
Western New York Market Executive with Key Private Bank from 2017
through 2022. Earlier in his career, he worked at U.S. Trust, Bank
of America, Fleet Bank, M&T Bank and HSBC. Mr. Iglewski earned
his B.A. in Economics from State University of New York at Buffalo
and his M.B.A. in Finance from Canisius College.
In addition to Mr. Iglewski and Mr. Hanlon,
other members of Courier Capital’s leadership team include:
- Executive Vice President and Senior
Portfolio Manager William H. Gurney
- Senior Managing Director,
Retirement Services Rebecca L. Westervelt AIF®
- Senior Managing Director,
Institutional Services Jason M. Stronz
- Co-Chief Investment Officer and
Senior Portfolio Manager Steven A. Gattuso, CFA, CFP®, CMA
- Senior Director of Operations
Heather L. Wisinski
As one of the largest registered investment
advisory firms in Western New York with assets under management of
approximately $2.7 billion, Courier Capital provides customized
investment management, financial planning and consulting services
to individuals and families, businesses, institutions, non-profits
and retirement plans. Learn more at www.couriercapital.com.
About Financial Institutions, Inc. and
Courier Capital, LLCFinancial Institutions, Inc. (NASDAQ:
FISI) is an innovative financial holding company with approximately
$6.1 billion in assets offering banking, insurance and wealth
management products and services through a network of subsidiaries.
Its Five Star Bank subsidiary provides consumer and commercial
banking and lending services to individuals, municipalities and
businesses throughout Western and Central New York and its
Mid-Atlantic commercial loan production office serves the Baltimore
and Washington, D.C. region. SDN Insurance Agency, LLC provides a
broad range of insurance services to personal and business clients,
while Courier Capital, LLC offers customized investment management,
financial planning and consulting services to individuals and
families, businesses, institutions, non-profits and retirement
plans. Learn more at five-starbank.com and FISI-investors.com.
DisclosureCourier Capital, LLC
(“Courier”) is an SEC registered investment adviser located in
Buffalo, NY, Rochester, NY, Jamestown, NY and Pittsburgh, PA.
Courier and its representatives are in compliance with the current
registration and notice filing requirements imposed upon SEC
registered investment advisers by those states in which Courier
maintains clients. Registration does not imply a certain level of
skill or training. Investing involves gains and losses and may not
be suitable for all clients. Investment products and services are
not FDIC Insured, are not a deposit or bank guaranteed, are not
insured by any Federal governmental agency, and are subject to
investment risks, including possible loss of the principal
invested. For information about Courier, including its
registration, fees and services, please contact Courier or refer to
the Investment Advisor Public Disclosure Website
(www.adviserinfo.sec.gov).
For additional information contact:Kate
CroftDirector of Investor and External Relations (716)
817-5159klcroft@five-starbank.com
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