Fifth Third Strengthens Payments and Commerce Solutions Team
October 18 2017 - 10:45AM
Business Wire
Fifth Third Bancorp (Nasdaq: FITB) announced today it is
strengthening its Payments and Commerce Solutions team with the
hiring of Jed Scala and Siva Gowrishankar.
The Payments and Commerce Solutions division encompasses
consumer cards, commercial cards, treasury management, emerging
payments and commerce solutions.
“The Payments and Commerce Solutions division plays a critical
role in helping Fifth Third address evolving needs of our customers
and clients as they seek out innovative and valuable financial
solutions,” said Tim Spence, executive vice president and chief
strategy officer for Fifth Third. “We believe the addition of Jed
and Siva will help us elevate our services, foster innovation and
position us to be competitive in the payments industry.”
Jed Scala joins Fifth Third as executive vice president
and head of Payments and Commerce Solutions, reporting to Tim
Spence. He brings more than two decades of financial-services
experience including leading and overseeing growth in payment,
loyalty and lending businesses across consumer and small-business
segments at American Express, serving most recently as senior vice
president and general manager of US Consumer Lending. Scala
received a bachelor’s degree from Williams College and an MBA from
Columbia Business School.
Siva Gowrishankar will serve as senior vice president and
head of credit strategy and optimization; He brings nearly 20 years
of experience with financial services, most recently as chief
credit and analytics officer at GreenSky and prior to this in
credit and analytics roles at Barclaycard and Capital One. He
received an MBA from the University of Virginia. He’ll report to
Scala.
To deepen the division’s capabilities and comprehensive
services, Bridgit Chayt, senior vice president and director
of wholesale payments, will now lead the Wholesale Payments and
Treasury Management teams. Chayt joined Fifth Third in 2016 and
will report to Scala. The wholesale payments and treasury
management team offers solutions and resources tailored to clients’
individual needs, serving industries and business segments such as
health care, retail, gaming and entertainment. She has over three
decades of experience with financial services, including at
Comerica Bank, where she led strategy and revenue growth for
deposit-rich and transaction-rich businesses.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company
had $141 billion in assets and operated 1,157 full-service Banking
Centers and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. In total, Fifth Third provides its customers with access
to more than 45,000 fee-free ATMs across the United States. Fifth
Third operates four main businesses: Commercial Banking, Branch
Banking, Consumer Lending, and Wealth & Asset Management. Fifth
Third is among the largest money managers in the Midwest and, as of
June 30, 2017, had $330 billion in assets under care, of which it
managed $34 billion for individuals, corporations and
not-for-profit organizations through its Trust and Registered
Investment Advisory businesses. Investor information and press
releases can be viewed at www.53.com. Fifth Third’s common stock is
traded on the Nasdaq® Global Select Market under the symbol “FITB.”
Fifth Third Bank was established in 1858. Member FDIC, Equal
Housing Lender.
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Fifth Third BancorpSean Parker (Media),
513-534-NEWSSameer Gokhale (Investors), 513-534-2219
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