BOSTON — Lynn native Steven L. Antonakes has been promoted to executive vice president and named to Eastern Bank’s Management Committee.
Antonakes, currently director of Enterprise Risk Management for Eastern, was promoted along with Kathleen C. Henry, Eastern general counsel and corporate secretary, who was also promoted to executive vice president and to the Management Committee.
“Although relatively recent additions to our management team, both Kathy and Steve have had a significant, positive impact upon our risk management and governance practices,” said Bob Rivers, Chair and CEO of Eastern Bank, in a statement. “Their extensive industry experiences and broad perspectives will be greatly additive to our discussion of various strategic issues.”
Antonakes joined Eastern in 2015 as chief compliance officer and was promoted to director of Enterprise Risk Management last September with responsibility for Compliance, Operational Risk, Information Security, Anti-Money Laundering, and Corporate Security. He was previously the deputy director and the associate director for Supervision, Enforcement and Fair Lending at the Consumer Financial Protection Bureau, where he was the Bureau’s second highest ranking official.
Eastern’s Management Committee is comprised of the company’s 12 most senior executives. Half of its members are women and people of color, and one third of the committee is now younger than 50 years of age.
Antonakes oversaw the supervision of all banks and non-banks under the Bureau’s jurisdiction, and established the Bureau’s consumer protection supervision program for the largest financial institutions in the country. He was previously appointed by successive governors to serve as the Massachusetts Commissioner of Banks from December 2003 to November 2010. Antonakes served in various managerial capacities at the Division of Banks and began his regulatory career as an entry-level bank examiner in 1990.
“After working in Washington, DC, as well as for the Commonwealth of Massachusetts, having the opportunity to work for Eastern, my hometown bank, and give back to the community where I grew up has been a true pleasure,” said Antonakes in a statement.
Antonakes previously served as vice chairman of the Conference of State Bank Supervisors (CSBS) and a founding member of the governing board of the Nationwide Mortgage Licensing System (NMLS).
He is a recipient of NeighborWorks America’s Government Service Award for his work in combatting foreclosures. He graduated from Lynn Public Schools and holds a bachelor’s degree from Penn State University, a Master of Business Administration from Salem State University, and a Doctorate of Philosophy in Law and Public Policy from Northeastern University.
Henry joined Eastern in 2016 as general counsel and secretary, overseeing all legal affairs, including corporate governance, in-house legal advice, assessment of risk, and compliance with applicable laws and regulations. She was previously general counsel and deputy general counsel of Plymouth Rock Assurance Corporation, and before then, she was a litigation partner at Choate, Hall & Stewart specializing in insurance and reinsurance litigation where she also served as the firm’s first hiring and pro bono partner.
Henry serves on the Board of Directors for the Political Asylum Immigration Representation Project (PAIR) and is an advisor for the Northeastern University School of Law’s Women in the Law Conference, which she co-chaired in 2015. She is active in the Boston Bar Association and currently serves on its Advisory Committee for the Women Leadership and Advancement Forum.
She received the Boston Chamber of Commerce Jaycees’ TOYP Award, recognizing 10 young outstanding leaders in Boston. In addition, she was in the first class to receive the “Woman of Justice” award chosen by Massachusetts Lawyers Weekly, in partnership with the Women’s Bar Association and the Massachusetts Association of Women Lawyers. Henry lives in West Roxbury with her husband and three children.
She earned her Bachelor’s degree in Journalism from Boston University and her Juris Doctorate from Northeastern University School of Law.