Comerica Bank Appoints Floyd Kessler New Executive Vice President, Chief Business Risk and Controls Officer

Rhea-AI Summary

Comerica Bank appointed Floyd Kessler as the new Executive Vice President, Chief Business Risk and Controls Officer. Kessler brings 18 years of risk management experience from USAA and will lead the transformation of risk and control functions across all revenue divisions. Comerica aims to establish robust risk culture for future growth.

Positive

• Floyd Kessler's appointment brings 18 years of valuable risk management experience to Comerica Bank.

• Kessler will lead the transformation of risk and control functions across all revenue divisions.

• The focus on establishing a strong risk culture at Comerica indicates a priority for future growth.

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• None.

DALLAS, May 1, 2024 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Floyd Kessler has been named to the new role of Executive Vice President, Chief Business Risk and Controls Officer. Kessler will report to Peter Sefzik, Chief Banking Officer.

Kessler will lead the Business Risk and Controls Office for Commercial Bank, Marketing, Customer Experience, the Retail Bank and Wealth Management, helping drive transformation of risk and control functions across all of Comerica's revenue divisions.

"Fostering a strong risk and control culture remains a priority for Comerica. Floyd's leadership and depth of experience in risk management ensures we are well-positioned to establish the appropriate controls and robust risk culture that remains vital to Comerica's future growth," said Sefzik.

Kessler joins Comerica with 18 years of risk management experience in the financial services industry, 16 of which were with USAA. His roles have focused on mid and large-financial institution risk framework transformation and implementation.  

Kessler has served in several risk management roles, most recently as Head of Non-Financial Risk Processes where he focused on the development of foundational risk management strategies during high growth periods. As a risk leader at USAA, Kessler was instrumental in establishing critical risk functions and delivery of regulatory initiatives. He has served in leadership roles focused on the establishment and execution of programs designed to identify, monitor, report and mitigate operational and compliance risks. In addition, Kessler also served in the U.S. Navy as an Aerographers Mate 3^rd Class Petty Officer.

He earned a bachelor's degree in finance from Texas State University, master's degree from St. Mary's University, and holds a Certification in Control Self-Assessment from the Institute of Internal Auditors.

This year, Comerica Bank celebrates its 175^th anniversary. A subsidiary of Comerica Incorporated (NYSE: CMA), Comerica Bank is a financial services company headquartered in Dallas, Texas, and is strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica, one of the 25 largest commercial U.S. financial holding companies, focuses on building relationships and helping people and businesses be successful, providing more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas. Founded on Aug. 17, 1849, in Detroit, Michigan, Comerica continues to expand into new regions, most recently in the Southeast, including North Carolina and Mountain West Market in Colorado. Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. Comerica reported total assets of $79.4 billion at March 31, 2024.Learn more about how Comerica is raising expectations of what a bank can be by visiting www.comerica.com, and follow us on Facebook, X (formerly known as Twitter), Instagram and LinkedIn.   

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SOURCE Comerica Incorporated

FAQ

Who is the new Executive Vice President at Comerica Bank?

Floyd Kessler is the new Executive Vice President, Chief Business Risk and Controls Officer at Comerica Bank.

What is Floyd Kessler's background in risk management?

Floyd Kessler brings 18 years of risk management experience, with 16 years at USAA, to Comerica Bank.

What is Comerica's focus with Floyd Kessler's appointment?

Comerica aims to establish robust risk culture and controls with Floyd Kessler's leadership for future growth.