volume 8 ••• Summer 2011
Amalgamated Bank Appoints Edward Grebow President and CEO
Edward Grebow, a senior executive with extensive experience in both the financial services sector and other industries, is the new President and Chief Executive Officer of Amalgamated Bank.
Before joining Amalgamated, Mr. Grebow served for three years as a Managing Director of J.C. Flowers & Co., a leading private equity firm focused on the financial services sector. J.C. Flowers & Co. retained Mr. Grebow in May, 2007 to oversee its $25 billion acquisition of Sallie Mae.
Previously, Mr. Grebow had served as President of the ULLICO Inc. family of companies that includes the $6 billion Union Labor Life Insurance Company. He developed and implemented a business plan for ULLICO which involved a successful recapitalization that restored the company’s financial strength rating and rebuilt its unique position as the financial services company for labor unions and their affiliated pension plans.
As we move forward, our priorities will include making Amalgamated an even stronger partner for its clients in the labor community”
—Edward Grebow, President and Chief Executive Officer
During his career, Mr. Grebow spent more than 15 years in financial services management positions. He served as a Vice President at JP Morgan & Co. Inc., President of JP Morgan Leasefunding Corp. and Chief Operating Officer and Executive Vice President of The Bowery Savings Bank. Mr. Grebow was part of the group that purchased the Bowery from the FDIC in 1985.
“As we move forward, our priorities will include making Amalgamated an even stronger partner for its clients in the labor community,” Mr. Grebow said. “A key strategic objective is to expand the breadth of the Longview™ family of investment strategies created over the last 35 years for union pension and benefit funds.
“We remain fully committed to serving the everyday banking and investing needs of working people and neighborhood businesses in areas we serve. While offering our customers a comprehensive array of affordably priced products coupled with highly personalized service, we, will also continue to provide our MoneySense program as a community service—free financial education workshops to help consumers understand and better control their finances.
“Continued loan growth,” Mr. Grebow added, “is another priority. We will expand middle market lending while maintaining a strong focus on credit quality. Similarly, we will originate a higher volume of consumer and small business loans and remain faithful to our founders’ mission of helping to finance affordable, multifamily housing.”
Earlier, Mr. Grebow served as President of the Metropolitan Television Alliance, Deputy President of Sony Electronics, Inc. and President of Sony’s Broadcast and Professional Company, President and CEO of Chyron Corporation and as an Executive Vice President of CBS, Inc., reporting to Chairman Laurence Tisch.