Courier Capital, LLC Promotes James E. Iglewski to President, Thomas J. Hanlon to Executive Vice President of Wealth Management and Co-Chief Investment Officer

New leadership structure supports the continued growth of the Five Star Bank affiliate, which is now one of the largest registered investment advisory and wealth management firms in Western New York

BUFFALO, N.Y., Oct. 24, 2023 (GLOBE NEWSWIRE) -- Courier Capital, LLC (“Courier Capital”), an SEC-registered investment advisory firm and wholly-owned subsidiary of Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”) today announced that James E. Iglewski has been promoted to President, succeeding longtime leader Thomas J. Hanlon, CFA, CFP, CEBS, who transitions to the role of Executive Vice President of Wealth Management and Co-Chief Investment Officer.

As President, Mr. Iglewski, who most recently served as a Senior Managing Director with Courier Capital, will assume oversight of the firm’s core operations. As Executive Vice President of Wealth Management and Co-Chief Investment Officer, Mr. Hanlon, who served as President since 2016, will continue to provide strategic direction as well as focus on researching and monitoring Courier Capital’s mutual fund and exchange traded fund investment platform. Both Mr. Iglewski and Mr. Hanlon will continue to serve on the firm’s investment committee and manage investment portfolios for institutional and high-net-worth clients.

“Courier Capital’s well-earned reputation for fiduciary excellence and personalized, high-touch service spans more than five decades,” said Martin K. Birmingham, President and Chief Executive Officer of the Company. “This new leadership structure allows Tom, Jim and rest of the Courier Capital team to continue serving our wealth management, retirement plan and institutional services clients at the highest level, while positioning us for continued growth moving forward.”

In May, Courier Capital expanded through a merger with Rochester-based affiliate HNP Capital, LLC. The merger streamlined the Company’s ability to provide innovative financial products and services to current and prospective clients, including those of Five Star Bank and SDN Insurance Agency, LLC.

“Having led Courier Capital through a successful merger earlier this year that helped us grow into one of the largest wealth management firms in Western New York, I am excited to focus more of my energy on continuing to help lead our investment strategy and, importantly, my own client relationships,” said Mr. Hanlon. “Jim has made an incredible impact since joining our firm. His more than 25 years of experience serving institutional and private endowments, high-net-worth individuals and families will benefit our team and our clients immensely as he assumes a greater leadership role.”