People's United Financial Inc. announced that its Board of Directors approved an increase in the size of the Board of Directors to twelve members and appointed William F. Cruger, Jr. as a director to fill the vacancy created by that action. Mr. Cruger was, until August 2013, Vice Chairman of Investment Banking at J.P. Morgan Chase & Co. Currently Mr. Cruger is a member of the board of MarketAxess Holdings Inc., serving as a member of the Audit, Nominating and Corporate Governance and Mergers and Acquisitions Committees.

He has also served on the boards of Archipelago, Capital IQ and Credittrade. Mr. Cruger will serve as a member of the Board's Audit and Treasury and Finance Committees.