Galan Daukas Joins People's United Bank As Senior Executive Vice President Wealth Management

BRIDGEPORT, Conn., Dec. 16, 2013 /PRNewswire/ -- People's United Bank announced today that Galan Daukas has joined the bank as Senior Executive Vice President, responsible for the bank's Wealth Management business. Daukas brings over 25 years of investment and trust experience to the position with a proven track record in leading investment management firms, broad experience directing business strategy and operations as well as an extensive history of growing assets under management and profitability.

Daukas was most recently Executive Vice President at Washington Trust Wealth Management, a $4.5 billion investment management, financial planning and trust company in Providence, R.I., where he was responsible for all investment management, trust, financial planning, mutual fund management and insurance units. Prior to that, he was Chief Operating Officer at Harbor Capital Management Co., a $10 billion investment management firm in Boston. Daukas was Chief Operating Officer at Fleet Investment Advisors prior to joining Harbor Capital.

"Galan brings wealth management experience that is as broad as it is deep and we look forward to his leadership at People's United," said Jack Barnes, President and Chief Executive Officer. "We offer our clients a comprehensive and team-based approach whether they are wealth management, private banking or brokerage clients and Galan's leadership experience and approach makes him an ideal leader for our team."

Daukas began his career at Fleet Financial Group in the Investment Officer management trainee program, moved to Drexel Burnham Lambert as a portfolio manager and then to Booz-Allen & Hamilton as a consultant before joining Fleet Investment Advisors in 1996. He earned his Bachelor's degree at Dartmouth College and his Masters at Trinity College.

About People's United Bank

People's United Bank, a subsidiary of People's United Financial, Inc., a diversified financial services company with $32 billion in assets, provides commercial and retail banking, as well as wealth management services through a network of 410 branches in Connecticut, New York, Massachusetts, Vermont, New Hampshire and Maine.  Through its subsidiaries, People's United Financial provides equipment financing, brokerage and insurance services.  Assets managed and administered, which are not reported as assets of People's United Financial, totaled $15.5 billion at September 30, 2013.

SOURCE People's United Bank