Our Team

Michael Lydon is Chairman of R&T Deposit Solutions.

Mr. Lydon previously served as Chief Executive Officer at R&T. He led the firm’s expansion of offerings through the purchase of assets of three bank deposit products which has served to reinforce Reich & Tang’s position as a leading provider of FDIC cash management programs in the bank, broker-dealer, and institutional markets.

Prior to joining Reich & Tang in January 2005, Mr. Lydon held the position of Vice President with ADP Brokerage Processing Services (now Broadridge) and was responsible for investor communications and financial reporting.

Mr. Lydon has more than 25 years of experience in FDIC programs, Mutual Funds, Information Technology, and Operations in the Financial Services Industry.

Joseph Jerkovich serves as Chief Executive Officer of R&T. In this role, Mr. Jerkovich creates, communicates and implements the organization’s vision, mission, strategy and overall direction. He also guides, directs and presides over the executive committee, whose responsibilities are the functional areas of the organization.

Prior to joining Reich & Tang in 2004, Mr. Jerkovich was Vice President and Chief Investment Officer at Winklevoss Consulting. In addition, Mr. Jerkovich held senior management positions over eight years within the US operations of the Caisse des Depots et Consignations (“CDC” predecessor to Natixis) focused on accounting, operations, fund administration for the investment management and capital markets businesses. Mr. Jerkovich joined CDC from KPMG Peat Marwick, where he provided tax consulting services to international banks and financial organizations, including CDC.

Mr. Jerkovich received his M.B.A. from New York University, and his Bachelor’s in Business Economics from the University of California at Santa Barbara.

Coming Soon

Esther Cheung serves as Senior Vice President and Chief Financial Officer of R&T/TBS. She is responsible for directing and overseeing the financial activities of the company. Ms. Cheung manages the preparation of the company’s financial statements, management reports, budgets and forecasts. She is the company’s primary contact for financial audits, tax returns and banking matters. Ms. Cheung has over 10 years of experience in financial reporting, SEC reporting and GAAP accounting.

Prior to joining the company, Ms. Cheung was Manager of Financial Reporting, Broker Dealer Finance with Prudential Financial, where she reviewed and approved the Net Capital calculation (SEC Rule 15c3-1) and the Customer Reserve computation (SEC Rule 15c3-3). She also managed the preparation of regulatory filings such as the FINRA FOCUS Reports, SEC Form 17-H Risk Assessment Reports, and SIPC calculations. Her previous roles include, Treasurer of Credit Suisse U.S. Funds;  Head of Fund Accounting at Reich & Tang Asset Management and Treasurer of Reich & Tang Money Market Funds.

Prior to joining Reich & Tang Asset Management, Ms. Cheung was an Audit Manager at KPMG, where she specialized in financial statement audits of mutual funds, hedge funds, private equity funds and investment advisors.

Ms. Cheung is a Certified Public Accountant licensed in New York and a Financial and Operations Principal (FINRA Series 27). She received a Bachelor of Business Administration in Accounting from Baruch College in New York, NY.

Ms. Baum serves as Executive Vice President, General Counsel & Corporate Secretary of Reich & Tang. She is responsible for overseeing all aspects of the company’s legal functions. Ms. Baum is an experienced leader in the financial services industry and provides the firm with trusted and strategic legal advice and guidance.

Prior to joining R&T, Ms. Baum was Head of Legal, TAA at Wolters Kluwer where she led the global Legal team for the Wolters Kluwer’s Tax & Accounting division. Previously, Ms. Baum spent over 10 years in legal leadership roles at M&T Bank. In her last position, she led the Corporate Legal Division where she served as a member of the Disclosures Committee and oversaw M&T Bank’s corporate governance, public disclosures, M&A transactions (including the $7.7 Billion purchase of People’s United Financial Inc.) and bank supervisory and regulatory matters.  In addition, while at M&T Bank, Ms. Baum led the Wealth & Institutional Services Division of Wilmington Trust and M&T Bank team of attorneys, and also the Enterprise-Wide Banking Division team of attorneys responsible for supporting Privacy, Cybersecurity, Second Line Risk & Compliance, Third Party Risk Management, Employment & Internal Investigations. Ms. Baum was chosen to participate in the 2019 Executive Leadership Program. 

Prior to M&T Bank, Ms. Baum was a corporate and mergers & acquisitions attorney, and worked at Davis Polk & Wardwell LLP in New York City and Double Rock Corporation, which operated the FDIC-insured cash sweep programs now operated by Reich & Tang.

Ms. Baum received a Bachelor of Laws and Bachelor of Arts degree from Murdoch University in Perth Australia and a Masters of Law degree from the University of Toronto Law School in Canada.  Ms. Baum also received the Certified Regulatory Compliance Manager (CRCM) from the ABA, Certified Information Privacy Officer (CIPP/US) from the IAPP and a Graduate Diploma of Applied Finance and Investment (from the Securities Institute of Australia).

Tom Nelson serves as Executive Vice President and Chief Investment Officer for Reich & Tang. He is responsible for overseeing the firm’s FDIC insured programs, sales growth strategy, and product development initiatives. Mr. Nelson is a frequent industry speaker throughout the bank, trust, and brokerage spaces discussing the impact of regulatory changes in the short-term markets, bank funding, and FDIC insured investment strategies from a growth and profitability perspective.

Mr. Nelson previously served as the Director of Institutional Sales at Institutional Deposits Corp., where he was responsible for building its FDIC-insured deposit program and introducing it within the trust, bank, broker-dealer, and institutional markets.

Prior to that, Mr. Nelson was head of SunGard’s STN Money Markets, the firm’s money market mutual fund and commercial paper distribution facility. In addition to being a Senior Vice President at ICAP Capital Markets, Mr. Nelson was Head of the Short-Term Asset Portfolio Management Group at Chase Asset Management, where he worked for 14 years, and was responsible for $80 billion in assets across all short-term asset management classes.

Mr. Nelson received a B.A. in Economics from Duke University.

Kevin Bannerton serves as Executive Vice President, Head of Wealth Management.  In this role he is responsible for the strategic direction, development and financial performance of the firm’s product portfolio. Previously responsible for Total Bank Solutions’ sales, marketing and finance areas, he is instrumental in building upon the R&T/TBS’ strategy to provide platform-based technology solutions to wealth managers and banks to deliver differentiating value to clients, create efficiencies and drive revenue growth.

Previously, Mr. Bannerton served as Managing Director and Head of the America’s Liquidity Management business for Deutsche Bank where he oversaw the sales and distribution efforts for the Insured Deposit Program, Money Market Mutual Funds and cash/ short duration fixed income separate accounts. Mr. Bannerton was also an Institutional Fixed Income Product Specialist with BlackRock, working with corporations, pension funds, asset managers and other institutions to design their investment policies and implement customized fixed income investment portfolios and held senior sales and investment advisory roles for Merrill Lynch.

Kevin Bannerton earned his BS in Finance degree from Villanova University and completed his MBA in Finance and Entrepreneurship at Boston College. He also holds a FINRA series 7, 65, and Principal licenses and is a Deutsche Bank Ambassador.

Mr. Genereau serves as Executive Vice President and Chief Deposit Officer of Reich & Tang. He is responsible for identifying and growing deposit relationships that support the firm’s deposit programs.

Mr. Genereau provides consultation to the nation’s largest financial institutions, community banks, and broker-dealers regarding innovative deposit solutions focused on profitability, regulatory compliance, and long-term planning. Mr. Genereau speaks in national forums and meets with hundreds of banks to educate executives on the changing deposit landscape and developing long-term strategies to support banks’ funding needs through any market environment. His expertise is in total balance sheet management, contingent liquidity planning, and diversified funding strategies.

Prior to joining Reich & Tang, Mr. Genereau served as Chief Deposit Officer of Double Rock Corporation, whose assets were purchased by Reich & Tang in January 2011. His prior experience includes executive roles at PrimeVest Financial Services, Inc., a subsidiary of ING, where he managed sales and operations, and focused on commercial and brokerage sweep and institutional cash investments.

Mr. Genereau received his B.A. in history from St. John’s University, Collegeville, Minnesota.

Mr. Zuendt serves as Senior Vice President and Deposit Officer.  He is responsible for all day-to-day operations of funding and capacity management, including identifying and growing deposit relationships that support the firm’s different and unique deposit programs.  Mr. Zuendt also provides oversight into the firm’s Demand Deposit Market Place product including insurance limits and capacity.  Mr. Zuendt provides historical experience utilizing the Demand Deposit Market Place to the nation’s largest financial institutions and community banks alike.

Prior to joining Reich & Tang, Mr. Zuendt served as Senior Vice President, Assistant Treasurer at Investors Bank. In this role, he managed interest rate risk, liquidity and budget modeling, as well as relevant stress testing. Mr. Zuendt started his career at Hudson City Savings Bank as a financial analyst in the Treasury Department where he was responsible for the Bank’s cash and liquidity position.

Mr. Zuendt received his Bachelor of Science degree in Business Administration from Rider University, with a double major in Finance and Management and Leadership. Mr. Zuendt was awarded the New Jersey Bankers rising star award in 2019 and has been a volunteer firefighter for over 20 years.

Andrew Mintz serves as Executive Vice President and Chief Information Technology Officer of Reich & Tang.

Mr. Mintz is responsible for the planning, implementation, and expansion of all Reich & Tang’s enterprise information technology systems. He oversees the firm’s proprietary technology, and the development of solutions that support the company’s operations in order to improve cost effectiveness, service quality, and business development.

Mr. Mintz has been with Reich & Tang for more than 30 years, and has enhanced the firm’s in-house transfer agency, implemented all bank and broker-dealer FDIC sweep technology solutions, and led the development of the firm’s disaster recovery and business continuity plans.

Mr. Mintz received a B.S. in Computer Science from Hofstra University.

Gary Hom serves as Executive Vice President, Chief Information Officer. In this role he is responsible for product development and delivery, technology infrastructure and security, project management, business analysis and software engineering.

He leverages his more than 30 years of experience in the design, development and implementation of complex front, middle and back office financial services systems. Mr. Hom’s previous experience includes senior IT roles at RBC Capital Markets and American International Group (AIG), The Blackstone Group, Cantor Fitzgerald, Credit Suisse and Goldman Sachs.

He earned a Bachelor of Science degree in Finance and Information Systems from Stern School of Business at New York University.

Mr. Ho is responsible for establishing and enforcing information security policies to protect Reich & Tang’s organizational systems infrastructure, networks, and data. Mr. Ho oversees the firm’s day to day network operations, desktop support, and administration of database platforms and associated systems to ensure an efficient, protected, and logical workflow that meets the firm’s highest standards while engineering solutions that meet the business requirements of its clients.

Mr. Ho is a key member of the firm’s Business Continuity and Disaster Recover Committees and is responsible for designing, coordinating, and delivering information security training programs for Reich & Tang employees.

Mr. Ho joined Reich & Tang in 2001 as a Database Administrator and worked previously as a Database Administrator at HSBC Bank. Mr. Ho earned his B.S. degree in Management Information Systems/Finance from the University of Buffalo.

Carol Stark is Senior Vice President of Human Resources for Reich & Tang. As a Human Resource business partner, Ms. Stark is responsible for ensuring the effective and efficient use of human capital to accomplish organizational goals. Ms. Stark oversees the firm’s recruitment process, performance management, and employee training and development programs. She also works closely with Finance in defining strategic compensation and benefit structures for staff and senior executives. With a value-added approach, Ms. Stark’s expertise lies in creative solutions that influence change, resulting in a positive impact on the firm’s net income.

Prior to joining Reich & Tang in 2001, Ms. Stark worked as a Human Resource Generalist for Carnegie Hall in NYC.

Ms. Stark holds both an undergraduate degree and a Master of Science in Human Resource Management and Development from New York University.

Mr. Gill is responsible for enterprise risk management (ERM) for the firm. He is responsible for developing and maintaining processes for identifying, assessing, monitoring and reporting key business risks that might diminish the achievement of the organization’s goals and objectives. His group is also responsible for the reconciliation of all bank accounts within the firm’s deposit network.

In addition, Mr. Gill leads the firm’s Business Continuity Committee, responsible for the planning, development and implementation of the firm’s business recovery programs, processes, and testing. Mr. Gill is a Certified Anti-Money Laundering Specialist^® (CAMS^®), and serves as Reich & Tang’s AML Officer.

Prior to joining Reich & Tang in 1994, Mr. Gill began his career in financial services at The Chase Manhattan Bank, where he held management positions in both foreign exchange operations and the retail branch network. Mr. Gill earned his M.B.A. in Finance from St. John’s University, and his B.S. degree in Business Management from St. Peter’s University.

Christine Butwill serves as Senior Vice President and Controller of Reich & Tang. Ms. Butwill is responsible for ensuring the integrity of accounting information by establishing quality control over financial transactions and financial reporting.

Ms. Butwill manages the day-to day accounting operations of Reich & Tang. Additionally, she is responsible for preparing monthly and quarterly financial statements, management reports, yearly budgets and forecasts as well as coordinating corporate audits. Her department also works in conjunction with HR to prepare and administer the complete payroll process.

Ms. Butwill joined Reich & Tang in 1996 after earning her Bachelor of Science degree in Accounting from St. John’s University, Queens, New York.