CLEVELAND - KeyCorp (NYSE:KEY) has announced the appointment of Darrin Benhart as the new Chief Risk Officer (CRO), effective as of January 1, 2024. Benhart, who previously served as the Deputy Chief Risk Officer, succeeds Mark Midkiff following his retirement, which was part of a planned succession announced in November.
Chris Gorman, Chairman and CEO of KeyCorp, expressed gratitude to Midkiff for his contributions and welcomed Benhart to his new role. Gorman highlighted Benhart's extensive experience in the financial services industry, noting his expertise across various risk disciplines, including credit and market risk, commercial credit policy, and climate change.
Benhart joined KeyCorp in July 2022, bringing with him a wealth of experience from a 30-year tenure at the Comptroller of the Currency (OCC), U.S. Department of the Treasury. During his time at the OCC, Benhart ascended through several senior roles, culminating in the position of Deputy Comptroller of the Currency.
In his capacity as Chief Risk Officer, Benhart will join KeyCorp's executive leadership team and report directly to Gorman. His responsibilities will encompass overseeing all aspects of the company's risk management program.
Operating under the name KeyBank National Association, KeyCorp offers a variety of services including deposit, lending, cash management, and investment services to individuals and businesses across 15 states. The company also delivers corporate and investment banking products through KeyBanc Capital Markets, catering to middle market companies in the United States.
The information in this article is based on a press release statement.
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