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Webster Bank Promotes GE Capital Veteran Soto to Chief Credit Officer

December 05, 2018, 07:24 AM

Webster Bank announced Jason Soto has been promoted to Senior Vice President, Chief Credit Officer. He will report directly to Daniel Bley, Executive Vice President and Chief Risk Officer.

As Chief Credit Officer, Soto will oversee Webster's lending strategy and lead the credit risk management governance program. He will be responsible for overseeing the credit approval and credit portfolio management processes for the organization. 

"Jason has made a tremendous positive impact since joining the Bank," Bley said. "We look forward to his leadership as we continue to grow and differentiate ourselves in the marketplace."

Soto joined Webster in 2015 as Senior Credit Executive Head of Middle Market and Sponsor & Specialty Credit, following a long and distinguished career in credit risk management at GE Capital. Since June, he has held the interim role of Head of Commercial Credit.

A resident of Wayland, MA, Soto received his bachelor's degree from Wesleyan University and holds the Chartered Financial Analyst designation.

Webster Bank owns the equipment finance firm Webster Capital Finance Corporation; the asset-based lending firm Webster Business Credit Corporation; and HSA Bank, a division of Webster Bank, which provides health savings account trustee and administrative services.

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