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Colleen Matteson
President, Rochester NY, Bank of America Years in current role: 11 What are the biggest challenges you see in your industry currently? Banks have a clear opportunity to lead the creation of an authentic, differentiated identity that embeds higher purpose. Many banks have yet to turn their commitments to environmental, social, and governance (ESG) concerns […]
Lori Van Dusen
CEO, Founder, LVW Advisors Years in current role: 12 What are the biggest challenges you see in your industry currently? The prolonged era of historically low interest rates that has been supporting financial markets is ending, so there is greater uncertainty ahead. This means that advisors are required to put in extra effort to thoroughly […]
Jim Gould
President, Alesco Advisors Years in current role: 23 What are the biggest challenges you see in your industry currently? Technology within the financial sector is in a constant state of evolution, much like in most other industries. We realize the importance of keeping pace with these technological advancements. Over the past year, we’ve made substantial […]
Philip L Pecora
President & CEO, Genesee Regional Bank Years in current role: 20 What are the biggest challenges you see in your industry currently? The Fed’s aggressive interest rate hikes over the past 18 months have been a significant challenge for the banking industry. Higher interest rates are typically good for banks, however the speed of the […]
Dan Lippincott
President & CIO, Karpus Investment Management Years in current role: 3 What are the biggest challenges you see in your industry currently? In the investment management industry, the biggest challenge right now is restrictive monetary policy. Stubbornly high inflation has prompted the Federal Reserve to raise short term rates north of 5%, while decreasing its […]
Laurie Baker
President & CEO, The Summit Federal Credit Union Years in current role: 3 What is one goal you have for the next year? I currently serve on the Board of the New York Credit Union Association and have had the opportunity to advocate and support the interests of credit unions across the state in my […]
Craig Cairns
President, Howe and Rusling, Inc. Years in current role: 23 What are the biggest challenges you see in your industry currently? The biggest challenge is keeping everyone positive given the current economic worries of inflation, rising interest rates, possible recession and divided political culture in an election year. There are always things to worry about, […]
Christopher Mueller
Director, Merrill Lynch Years in current role: 4 What are the biggest challenges you see in your industry currently? The elephant in the room is clearly rising interest rates. So far, the consumer has been resilient, but there is a lot of uncertainty right now, with the economy, inflation, Fed, government shutdown, labor strikes, and […]
Thomas L. Kime
President & CEO, The Lyons National Bank (LNB) Years in current role: 5 (19 with LNB) What are the biggest challenges you see in your industry currently? Despite LNB having another year of strong performance, 2023 has been a challenging year in banking. Rising interest rates, an inverted yield curve, and an economic environment characterized […]
Faheem Masood
President & CEO, ESL Federal Credit Union Years in current role: 7 What are you most excited about in the banking and finance industry in Rochester? The banking and finance industry has made fantastic strides in digital adoption and innovation, and that is only increasing more with the increasing presence of AI. Every financial institution […]
Elizabeth Thorley
Founder and Owner, Thorley Wealth Management, Inc. Years in current role: 37 What are the biggest challenges you see in your industry currently? Continuing to evolve and adapt to new technologies to be able to attract and serve the next generation of clients. I come from a generation that expected high-quality, individualized services to be […]
H. Edward Shill, CFA
Managing Director, Wealth Enhancement Group / QCI Team Years in current role: 31 What are the biggest challenges you see in your industry currently? A proliferation of news flow disrupts and distracts the average investor from the goal of long-term, focused investing. The challenge is intense: to sort out what is essential and what can […]
