Washington Trust Names New Risk Management Executive

WESTERLY, R.I., March 26, 2015 (GLOBE NEWSWIRE) — Washington Trust today announced that William K. Wray has been appointed Senior Vice President, Risk Management, and will succeed Brenda H. Senak who recently announced her retirement, effective June 30th, after more than seven years with the Bank. Wray will join Washington Trust on June 1, 2015 and work closely with Ms. Senak through June 2015 to ensure a smooth and successful transition.

“Brenda has done a great job advancing and overseeing risk management operations during her tenure, and we wish her well in retirement,” stated Joseph J. MarcAurele, Washington Trust Chairman and CEO. He noted, “Bill is a proven leader with experience and expertise that will help us sustain our strong risk culture as the Bank continues to grow.”

Wray most recently served as Chief Operating Officer for Blue Cross & Blue Shield of Rhode Island. Prior to that role, he spent 15 years at Citizens Bank, culminating in the role of Vice Chairman and Chief Information Officer. In addition to managing technology and operations, his duties at Citizens included leadership of enterprise credit and risk administration. His early career in banking included a position within the real estate workout division of Shawmut Bank.

Wray holds a Bachelors of Science in Engineering from the United States Military Academy at West Point, N.Y., and a Masters of Science in Engineering from Stanford University. He plays an active role in various community organizations including Amos House, the Providence Performing Arts Center, the Business Development Company of Rhode Island, and Year Up Providence. He is a trustee of Our Lady of Mercy parish and a member of the Diocesan Finance Committee. He and his wife Nancy are residents of East Greenwich, RI.

ABOUT WASHINGTON TRUST

Founded in 1800, Washington Trust is the oldest community bank in the nation, the largest state-chartered bank headquartered in Rhode Island and one of the Northeast’s premier financial services companies. Washington Trust offers a full range of financial services, including commercial banking, small business banking, personal banking and wealth management and trust services through its offices located in Rhode Island, Connecticut and Massachusetts. The Washington Trust Company is a subsidiary of Washington Trust Bancorp, Inc., (WASH). Additional information on Washington Trust and its subsidiaries can be found at http://www.washtrust.com.

Source Article from http://finance.yahoo.com/news/washington-trust-names-risk-management-175436669.html

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