CLEVELAND, Dec. 1, 2010 /PRNewswire-FirstCall/ -- KeyCorp
(NYSE: KEY) President and Chief Operating Officer Beth E. Mooney today announced that two veteran
Key executives will lead the company's major business divisions,
Key Corporate Bank and Key Community Bank.
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Christopher M. Gorman was named
President, Key Corporate Bank, and William
R. Koehler was named President, Key Community Bank. Both
positions will report to Mooney. The appointments are
effective immediately.
Key Corporate Bank, formerly Key National Banking, includes the
company's commercial real estate, corporate banking services,
treasury management, equipment finance, investment banking and
capital markets businesses. Key Community Bank includes the
businesses associated with Key's 14-state branch network, including
retail banking, small- and middle-market business banking, private
banking, investment services and mortgage.
"These actions are aimed at accelerating our momentum and
capitalizing on our distinct capabilities," noted Mooney. "As
we assess the financial services landscape, it is essential we
leverage what is clearly our greatest competitive advantage--the
synergies created by delivering our capabilities as 'one Key' in
the marketplace."
Mooney continued, "This approach will position Key to grow and
win by fully leveraging our strengths: strong district teams,
award-winning service, deep client insights, industry expertise and
product specialization. It more accurately reflects the total
capabilities we offer, as well as the focus we provide from client,
segment, industry and geographic perspectives. We will also
continue to emphasize our strong and enduring commitment to
communities."
Gorman has been with Key since 1991, and has 27 years of
experience in corporate and investment banking. He presently
leads the Key business groups, previously known as Key National
Banking, that provide corporate and investment banking, capital
markets, commercial real estate and equipment finance solutions for
Key clients. Previously, Gorman served as President of
KeyBanc Capital Markets and led Key's middle-market and
large-corporate banking groups. He is a member of KeyCorp's
Management Committee. Gorman holds a Bachelor's degree in Finance
from Miami University.
Koehler has 20 years of experience in the financial services
industry and joined Key in 1996. He has been President of
KeyBank's Great Lakes Region, which encompasses more than 340
branches in seven Key districts in Ohio, Michigan and Indiana. Also, Koehler successfully led the
corporate-wide initiative known as Keyvolution, improving the
company's efficiency and effectiveness. Prior to this role,
he was KeyBank's District President in Michigan and Managing Director of KeyBanc
Capital Markets. Koehler holds a B.A. in Economics from
Harvard University and an MBA from
Columbia Business School. He will join
KeyCorp's Management Committee.
Mark J. Williams, Director of
Strategic Planning, will also report to Mooney. This move
will enhance Key's ability to effectively integrate and align
corporate and business unit strategy.
Mooney was named KeyCorp President and COO on Nov. 18, and will succeed KeyCorp Chairman and
CEO Henry L. Meyer III when he
retires effective May 1, 2011.
Cleveland-based KeyCorp (NYSE:
KEY) is one of the nation's largest bank-based financial services
companies, with assets of approximately $95
billion. Key companies provide investment management, retail
and commercial banking, consumer finance, and investment banking
products and services to individuals and companies throughout
the United States and, for certain
businesses, internationally. For more information, visit
https://www.key.com/.
INVESTOR RELATIONS: www.key.com/ir
KEY MEDIA NEWSROOM:
www.key.com/newsroom
SOURCE KeyCorp