Peapack-Gladstone Financial Corp., parent of Peapack-Gladstone Bank, has promoted one C-suite executive and hired another, it announced recently.
The Bedminster-based bank said Finn M.W. Caspersen Jr. has been promoted from senior executive vice president and chief operating officer to SEVP, chief strategic officer and general counsel. He will be replaced as COO by newly hired Executive Vice President and COO Robert A. Plante, who will join the company later in the quarter.
Caspersen, who joined the bank in March 2004, has been promoted through the company’s executive ranks from senior vice president since then. In his new role, he will focus on strategic initiatives, including entry into new business lines and pursuit of new revenue opportunities, the bank said, as well as mergers and acquisitions.
“As a key deputy since my arrival, and as chief operating officer over the past four years, Finn has been integral to the bank’s restructuring and growth,” CEO and President Doug Kennedy said in a prepared statement. “As we continue to build our business model, I now need Finn to pivot away from day-to-day operations and spend more time with me on strategy.”
Caspersen will also oversee Peapack-Gladstone’s human capital, enterprise risk management and compliance, legal and corporate governance and private banking elements.
Plante, meanwhile, joins the bank from IDB New York, where he served as executive vice president and chief operations officer/chief information officer. He is an experienced financial services executive with expertise in business alignment, innovation and operations, regulatory compliance, mergers and acquisitions integration and performance management, the bank said.
“Bob has a tremendous operations and technology background and is already familiar with all of our core vendors in both wealth and retail,” Kennedy said. “His expertise in operations, project management and technology will add considerable depth to our executive team.”
Plante has also held management positions at the CIT Group and GE Capital Global Consumer Finance.