Comerica Bank Names Jeff Banks Senior Vice President, Chief Data and Analytics Officer

Rhea-AI Summary

Comerica Incorporated (NYSE: CMA) announced on March 6, 2023, the appointment of Jeff Banks as Senior Vice President and Chief Data and Analytics Officer. Reporting to Megan Crespi, Banks will shape the enterprise data vision and establish a comprehensive data analytics program across Comerica’s operations. He will be based in Dallas and will transition to the new Business & Innovation Hub in Frisco upon its completion. Banks has extensive experience from his tenure at Meta and General Motors, focusing on data governance and management. Comerica reported total assets of $85.4 billion as of December 31, 2022.

Positive

• Appointment of Jeff Banks enhances Comerica's data and analytics capabilities.
• Experience from Meta and General Motors strengthens leadership in data management.

Negative

• None.

DALLAS, March 6, 2023 /PRNewswire/ -- Comerica Incorporated (NYSE: CMA) announced that Jeff Banks has been named to the new role of Senior Vice President, Chief Data and Analytics Officer. He will report to Megan Crespi, Senior Executive Vice President, Chief Operating Officer.

In the role, Banks will serve to define the enterprise data vision and strategy for Comerica and establish an enterprise-wide data and analytics program across all lines of business. Banks will be based in Dallas, working at Comerica Bank Tower and transition to the bank's new Business & Innovation Hub in Frisco when completed.   

"Effectively harnessing the power of data and analytics is critical to our ability to meet and exceed the evolving needs of our customers," said Crespi. "Jeff's leadership and experience in data management will enable Comerica to establish a strong data-driven foundation on which to expand our capabilities."

Banks joins Comerica after four years with Meta/Facebook as Head of Client Data Services and Head of Data Management Operations, where he led the execution and maintenance of the organization's advertising and marketing data management policies. Prior to Meta, Banks served as the Global Head of Data Governance, Policies and Standards at General Motors and spent 11 years with USAA leading the data practice as Enterprise Data Officer. Banks is also a United States Air Force veteran, serving eight years as a commissioned officer.

Banks earned a master's degree in Management Information Systems from Northwestern University and bachelor's degree in Biological Sciences from Southern University and A&M College. 

Comerica Bank is a subsidiary of Comerica Incorporated (NYSE: CMA), a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Commercial Bank, The Retail Bank and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Michigan, California, Florida and Arizona, with select businesses operating in several other states, as well as Canada and Mexico. Comerica reported total assets of $85.4 billion as of Dec. 31, 2022.

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SOURCE Comerica Incorporated

FAQ

Who has been appointed as Chief Data and Analytics Officer at Comerica?

Jeff Banks has been appointed as the Chief Data and Analytics Officer at Comerica.

What is the significance of Jeff Banks' role at Comerica?

Jeff Banks will define the enterprise data vision and establish a data analytics program across all business lines.

When was Jeff Banks appointed at Comerica?

Jeff Banks was appointed on March 6, 2023.

Where will Jeff Banks be based as Chief Data and Analytics Officer?

Jeff Banks will be based in Dallas and transition to the new Business & Innovation Hub in Frisco when completed.

What were Comerica's total assets as of December 31, 2022?

Comerica reported total assets of $85.4 billion as of December 31, 2022.