Most Powerful Women to Watch: No. 6, M&T Bank's Michele Trolli

Head of Corporate Operations and Enterprise Initiatives

Michele Trolli spent years at the helm of M&T Bank’s technology division. Now she’s tapping technology to carry out an acquisition — the Buffalo, New York, bank’s first since 2015 — in the midst of a pandemic.

wibwatch21-michele-trolli-cardshowcrop
Trolli has been in charge of M&T’s pandemic response.
Luke Copping

Trolli, who was named head of corporate operations and enterprise initiatives in February, is leading the integration of M&T and People’s United Financial in Bridgeport, Connecticut. The $7.6 billion deal will create a $200 billion-asset company with a footprint stretching from Maine to Virginia.

It is expected to close this year.

Trolli, a member of M&T’s management team, also oversees banking services, corporate services, business continuity and integration and the enterprise transformation office.

The Cleveland native has been a fixture at M&T since 2005, serving as chief information officer and more recently as chief technology and operations officer. In addition to merger duties, she has been overseeing the buildout of the bank’s $58 million technology hub, which opened this year in a 38-story tower in Buffalo that once housed HSBC Bank’s U.S. headquarters. M&T, which occupies 13 floors, invested in the space to not only attract more tech workers to the bank itself, but to help position its hometown as a technology hub.

Read more:

Trolli has been in charge of M&T’s pandemic response. As part of the “New Normal” task force she created last year, she set up an internal channel to provide information and updates to employees and hosted a webinar series on topics from managing remote work to parenting during a pandemic.
Employees responded favorably, the bank said. Employee engagement in 2020 rose to 88%, exceeding the 75th percentile across all industries for the first time since M&T began measuring 20 years ago.

For reprint and licensing requests for this article, click here.
Employee engagement Women in Banking
MORE FROM AMERICAN BANKER