Ruth Mahoney, a banking executive from Albany, has been elected by the New York State Board of Regents to a three-year term on NYSTRS’ 10-member Retirement Board.
Mahoney succeeds Daniel J. Hogarty Jr., a retired bank executive from Troy, who stepped down after serving on the Retirement Board for 16 years.
Mahoney, who serves as market president and regional executive for KeyBank's Capital Region market, is a prominent member of the banking community with more than 30 years of experience in the industry. She leads KeyBank's economic and community development efforts and oversees retail bank operations in the Capital Region.
Mahoney also served as a sales leader for KeyBank's Capital Region and Hudson Valley markets. Prior to that she was president of the Hudson Valley/Metro New York Market and sales leader for that region. She also worked for Bank of America (formerly Fleet Bank) in Albany, where she served as private bank senior vice president and city executive.
A graduate of Marist College, she is a former Board member of the New York State Bankers Association and currently serves on the Albany Medical Center board and the boards of several area economic development organizations.
Mr. Hogarty, the former vice chairman and director of First Niagara Financial Group, had been a member of NYSTRS' Board since 2005. He recently served as chair of the Board's Investment Committee, and as a member of the Board's Audit, Compensation, Disability Review, Executive, and Risk Committees.
"On behalf of our staff, I thank Dan for his valued service on the Board. He was steadfastly focused on protecting the long-term fiscal health of the Retirement System," said NYSTRS Executive Director and Chief Investment Officer Thomas K. Lee. "We welcome Ruth to the Board and look forward to her stewardship in ensuring retirement security for our members."