Denise LeMay Assumes Role as Senior Vice President and Leader of Foreign Exchange and Derivative Sales in Commercial Banking at Eastern Bank
Business Wire has announced that Eastern Bank, a Massachusetts-based financial institution, has bolstered its capabilities in managing currency fluctuations and interest rate risks with the appointment of Denise LeMay as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking.
LeMay, who brings over 25 years of experience in risk management and derivative products, will lead and enhance the bank’s offerings in this area. Her extensive background includes serving as Senior Vice President and Treasury Capital Markets Trading Manager at M&T Bank, where she advised clients on derivative use for managing interest rate risk and played a key role in the financial transition from LIBOR to SOFR. Prior to that, she led the Interest Rate Derivatives program at People’s United Bank, growing it into a major revenue source and serving on the LIBOR Cessation Steering Committee.
In her new role at Eastern Bank, LeMay will advise commercial clients, structure complex financial solutions, and support the bank’s client-first relationship banking approach through advanced foreign exchange and derivative sales strategies.
Eastern Bank, founded in 1818, is an inclusive company that values relationships with its customers, colleagues, and communities. With approximately $25.5 billion in assets as of June 30, 2025, and $8.7 billion in assets under management by its Cambridge Trust Wealth Management division, Eastern Bank is the largest bank-owned independent investment advisor in Massachusetts[1]. The bank offers a range of commercial financing offerings, including working capital/lines of credit, equipment/term loans, real estate loans, acquisition financing, asset-based lending, franchise lending, and employee stock ownership plan-related financing[2].
For media inquiries, please contact Andrea Goodman at [email protected] or 781-598-7847. For investor relations, please contact Andrew Hersom at [email protected] or 860-707-4432. Eastern Bank has approximately 110 branch locations serving communities in eastern Massachusetts, southern and coastal New Hampshire, Rhode Island, and Connecticut.
[1] Eastern Bank's Cambridge Trust Wealth Management division is the largest bank-owned independent investment advisor in Massachusetts with $8.7 billion in assets under management. [2] As of June 30, 2025, Eastern Bank had approximately $25.5 billion in assets. [3] Eastern Bank also offers foreign exchange solutions. [4] Denise LeMay has been appointed as Senior Vice President, Head of Foreign Exchange and Derivative Sales, Commercial Banking at Eastern Bank.
Denise LeMay's extensive experience in risk management and derivative products will contribute to Eastern Bank's growth in foreign exchange and derivative sales, aligning with their client-first approach. With her appointment as Senior Vice President, she will now provide advice to commercial clients and structure complex financial solutions, including foreign exchange solutions that Eastern Bank offers. As the banking-and-insurance industry navigates financial transitions, like the one from LIBOR to SOFR, LeMay's expertise will prove valuable in managing these changes for Eastern Bank and its clients.
