Norwood will replace Michael Harrington, who has been appointed as treasurer and chief investment officer.
First Niagara Financial president and CEO John Koelmel said that Greg brings vast and diverse financial services experience to the executive team and positions the bank to achieve best-in-class financial and operating performance and efficiency.
"Harrington’s new role positions him to fully leverage his risk and capital management expertise as he leads a treasury function that is likewise developing in scale and sophistication to support both our near and longer-term corporate strategies," Koelmel said.
Norwood will join First Niagara from Ally Financial, where he most recently served as president and chief risk officer of Ally Bank. He also served as executive risk officer for the parent company, Ally Financial, formerly known as GMAC Financial.
Prior to Ally in 2009, Norwood served as treasurer of Wachovia, having served in various other senior treasury positions since joining that company in 2005. From 2001 to 2005, he was corporate controller for Bank of America.
