PITTSBURGH, Feb. 20,
2024 /PRNewswire/ -- The PNC Financial Services
Group (NYSE: PNC) today announced that its Board of Directors has
unanimously appointed Michael P.
Lyons president of the corporation and its wholly owned
banking subsidiary, PNC Bank, National Association, effective
immediately.
Lyons will report to William S.
Demchak who will continue in his current roles as Chairman
and Chief Executive Officer of the corporation. PNC's primary
operating lines of business and the Regional Presidents Office will
report to Lyons.
"For more than a decade, Mike has been a vital leader in growing
the firm and building expertise in service of our commercial and
institutional clients," said Demchak. "In his new role, he will be
instrumental in further driving responsible growth across our
franchise and strengthening PNC's position as a leading national
bank."
Lyons, 53, has been an Executive Vice President and Head of
Corporate & Institutional Banking (C&IB) since he joined
PNC in October 2011. During his
tenure, Lyons helped lead PNC's strategic acquisitions of RBC Bank
(USA) (2012) and BBVA
USA (2021) and spearheaded the
national expansion of the company's corporate businesses. Lyons has
also been instrumental in building out PNC's treasury management
platform and expanding its suite of advisory capabilities and
industry verticals.
Prior to PNC, Lyons served as global head of corporate
development and strategic planning for Bank of America. As part of
his responsibilities, Lyons helped reposition Bank of America's
balance sheet and drive its growth strategy. He also led mergers
and acquisitions, the private equity business, and investor
relations for Bank of America. Previously, he served as a portfolio
manager at investment advisor Maverick Capital where he focused on
financial institutions globally.
Lyons is a national trustee of the Boys & Girls Clubs of
America, and currently serves as the board chair for the Pittsburgh
Parks Conservancy. He is also a member of the board of directors of
the University of Pittsburgh Medical
Center (UPMC) and serves as chair of the Early Warnings Systems,
LLC Management Committee. Lyons graduated from the University of Pennsylvania in 1993.
The PNC Financial Services Group, Inc. is one of the largest
diversified financial services institutions in the United States, organized around its
customers and communities for strong relationships and local
delivery of retail and business banking including a full range of
lending products; specialized services for corporations and
government entities, including corporate banking, real estate
finance and asset-based lending; wealth management and asset
management. For information about PNC, visit www.pnc.com.
CONTACTS
MEDIA:
Timothy
Miller
(412) 762-4550
media.relations@pnc.com
INVESTORS:
Bryan
Gill
(412) 768-4143
investor.relations@pnc.com
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SOURCE The PNC Financial Services Group, Inc.