KEYCORP ANNOUNCES APPOINTMENT OF MOHIT RAMANI AS CHIEF RISK OFFICER
Rhea-AI Summary
KeyCorp (NYSE:KEY) has announced the appointment of Mohit (Mo) Ramani as its new Chief Risk Officer (CRO), effective January 23, 2025. Ramani joins from Truist Financial , where he served as Deputy Chief Risk Officer, bringing experience from previous roles at Goldman Sachs and Bank of America.
Ramani will be a member of Key's executive leadership team, reporting directly to Chairman and CEO Chris Gorman. In his role as CRO, he will lead the risk management team and oversee all aspects of Key's risk management function. He brings expertise in leading transformative changes in risk management platforms and practices, with a track record of building internal partnerships while maintaining regulatory compliance.
Positive
- Appointment of experienced risk management executive with proven track record
- Strong background from major financial institutions (Truist, Goldman Sachs, Bank of America)
- Expertise in transformative risk management practices and regulatory compliance
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, KEY gained 3.78%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
"I am very pleased to welcome Mo to Key," said Chris Gorman, Chairman and Chief Executive Officer of KeyCorp. "I am confident that with Mo's leadership, experience, and expertise we will continue to elevate our risk management practices and culture, further enabling strong, profitable growth for Key."
Mo joins Key from Truist Financial Corporation where he has served in increasingly senior roles since 2016, most recently, as Deputy Chief Risk Officer. Prior to joining Truist, Mo played a variety of leadership roles with firms such as Goldman, Sachs & Co. and Bank of America, N.A. Mo brings with him a proven track record of leading transformative change in risk management platforms and practices. Additionally, he has a reputation for forging internal partnerships across lines of business and corporate functions while maintaining strong, independent challenge and support from regulators.
"I am excited for the opportunity to assist Key with this next phase of profitable growth amidst an increasingly complex risk environment," said Mo Ramani. "I look forward to leveraging Key's strong risk culture and progressing the firm further toward 'risk intelligence' by leveraging people, processes, and technology."
Mo will serve as a member of Key's executive leadership team, reporting to Chairman and Chief Executive Officer Chris Gorman. As CRO, he will lead a team of risk management professionals as well as overseeing all aspects of the risk management function at Key.
About KeyCorp
KeyCorp's roots trace back nearly 200 years to
Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of approximately 1,000 branches and approximately 1,200 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout
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SOURCE KeyCorp
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