BURLINGTON, VT – People's United Bank, N.A., today announced that Ian Davis has been appointed Senior Vice President, Captive Insurance Relationship Manager. Davis will be responsible for business development, qualification, expansion and overall relationship management for the Bank’s Captive Insurance Portfolio.
Davis joins People’s United Bank after having served as Director of Financial Services at the Vermont Department of Economic Development, leading the marketing and business development activities in support of the state’s captive insurance industry. Prior to that, Davis spent two years as Economic Development Policy Specialist, where he grew the Department’s strategic initiatives, with an emphasis on business recruitment, retention and expansion. He began his career in the public sector directing policy research, before moving into external relations and business development roles.
“We are excited to have Ian join the People’s United team and look forward to him driving our Captive Insurance business,” said Cris Sigovitch, Senior Vice President, Head of Treasury Management, People’s United Bank. “Ian is a well-respected industry-leader who will work alongside Mary Santor, Senior Vice President, People’s United, who for over 30 years has grown the Bank’s Captive Insurance Division into a very meaningful business.”
“I am thrilled to be joining an organization that has a strong reputation in the captive industry, and I am eager to apply my knowledge and networks to achieving our goals. I am very excited to be joining such a quality organization and look forward to contributing to the team,” said Ian Davis, Senior Vice President, Captive Insurance Relationship Manager.
“People’s United Bank and its predecessors have been assisting captives in meeting their financial goals since 1981 when the industry first emerged in Vermont,” said Michael Seaver, Vermont Division President, People’s United Bank. “We have a long history of expertise in the captive arena. As we look to further enhance services and support for our captive clients, we are fortunate to have Ian join us to lead our Captive Insurance Division and bring his expertise to our clients.”
People's United's Treasury Management team and Wealth Management group provides direct support to the Bank's captive insurance clients, including investment management and tailored cash management and commercial card solutions. From maximizing working capital and processing payments faster, to enhancing operational efficiency and controlling risk, the team’s goal is to help clients effectively manage their financial needs to achieve long-term success.
About People’s United Bank, N.A.
People's United Bank, N.A. is a subsidiary of People's United Financial, Inc., a diversified, community-focused financial services company headquartered in the Northeast with approximately $59 billion in assets. Founded in 1842, People's United Bank offers commercial and retail banking through a network of over 400 retail locations in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine, as well as wealth management and insurance solutions. The company also provides specialized commercial services to customers nationwide.