PNC Appoints Michael P. Lyons President

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PNC Financial Services Group appoints Michael P. Lyons as President, emphasizing responsible growth and national expansion. Lyons brings extensive experience from Bank of America and a track record of successful acquisitions and strategic planning.

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.

FAQ

Who has been appointed as the President of PNC Financial Services Group?

Michael P. Lyons has been appointed as the President of PNC Financial Services Group.

What are Michael P. Lyons' key responsibilities in his new role?

In his new role, Michael P. Lyons will be instrumental in driving responsible growth across PNC's franchise and strengthening its position as a leading national bank.

What are some of the key achievements of Michael P. Lyons during his tenure at PNC?

Michael P. Lyons helped lead PNC's strategic acquisitions of RBC Bank (USA) and BBVA USA, spearheaded the national expansion of corporate businesses, and built out PNC's treasury management platform and advisory capabilities.

What is the background of Michael P. Lyons before joining PNC?

Before joining PNC, Michael P. Lyons served as global head of corporate development and strategic planning for Bank of America, where he repositioned the bank's balance sheet and drove its growth strategy.

What organizations is Michael P. Lyons associated with outside of his professional role?

Michael P. Lyons is a national trustee of the Boys & Girls Clubs of America, board chair for the Pittsburgh Parks Conservancy, member of the board of directors of the University of Pittsburgh Medical Center (UPMC), and chair of the Early Warnings Systems, LLC Management Committee.