Bryn Mawr, Pa., August 29, 2018 – Bryn Mawr Bank Corporation (NASDAQ: BMTC) (the “Corporation”), parent of The Bryn Mawr Trust Company (”BMT”), has announced Alan DePonceau has joined BMT’s Capital Markets group as a Senior Vice President and Director of International Services. Mr. DePonceau will report to the Managing Director of Capital Markets, Neil Orechiwsky and will focus on delivering premier international payments, foreign exchange and trade finance solutions to BMT customers.
“Alan’s combination of global bank, local bank and independent consulting experience makes him a good individual to lead our effort to optimize international payment efficiency and minimize cross-border risk for our customers,” said Mr. Orechiwsky. Mr. DePonceau began his 36-year career in international payment operations for Citibank before moving to Citi’s FX trading desk. He was previously Director of Foreign Exchange for locally-based Susquehanna Bank before that institution was acquired. Prior to that he served in the same role for Commerce Bank in Kansas City.
Mr. DePonceau had been consulting to BMT regarding enhancing the bank’s foreign exchange and international payments capabilities to better serve the needs of its customers. Mr. Orechiwsky notes that those internal enhancements combined with BMT becoming a member of SWIFT, a global network of 11,000 banks in 209 countries, now gives BMT an international payments and currency hedging proposition on par with those of banks substantially larger in asset size. Mr. DePonceau will now focus on delivering the benefits of the enhanced proposition to Bryn Mawr Trust’s customers.
This hiring and BMT’s greater commitment to international banking services are a continuation of the bank’s commitment to building its Capital Markets group and to providing the services middle market companies need.