Tejada, KeyCorp (NYSE:KEY)’s new key, credit management head, Wells Fargo & Company (NYSE:WFC)

Posted by admin June 17, 2013 0 Comment 814 views

In Cleveland, KeyCorp (KEY) has brought on board, Maria Teresa Tejada, a new chief credit officer. She will be joining the $89B-asset company on 12 Aug and succeeds William Hartmann. The latter had been promoted to the post last July.

Tejada is a managing director at Goldman Sachs (GS). She oversees risk underwriting in the Middle East, Europe and Africa and has been with the company since 1996. Prior to that she worked at Smith Barney as well as the Federal Reserve Bank of New York. Maria Tejada will head KeyCorp (KEY)’s credit-risk management and will be reporting to Hartmann.

About KeyCorp

The Cleveland, Ohio- headquartered KeyCorp came into existence over 160 years ago and is one of the bank-based financial services companies in the country. At 31 March 2013, its assets were around $89.2B. KEY provides deposit, cash management, lending as well as investment services to individuals and also to SMB’s across14 states under the KeyBank National Association name. In addition to this, the company provides a wide range of sophisticated investment and corporate banking products, such as acquisition and merger advice, private and public and debt and equity, derivatives and syndications to middle market companies in specific industries across the U.S under its trade name, the KeyBanc Capital Markets.

Another company, another change

In the Richmond area, Wells Fargo & Company (NYSE:WFC) continues with its steady growth. Wells Fargo Commercial Banking, which is a part of WFC, has hired Thomas Palmer to be senior vice-president and regional manager. Brian Combs will be joining the Richmond office and serve as senior vice-president and senior relationship manager. Apart from these changes, WFC has setup a Commercial Banking office in Fredericksburg, Virginia.

Palmer as over 27 years of financial experience and his experience will be a definite asset for Wells Fargo. He previously worked at SunTrust Bank and predecessor companies for two decades. Top companies are bringing in new leadership and expanding their businesses. A change such as this always brings in new perspectives and act as a breath of fresh air for any organization.

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