Daily News: February 20, 2014

Former J.P. Morgan MD Named SVP, CEO of Comerica Securities

Comerica announced that Michael W. Malone joined the company as senior vice president and chief executive officer of Comerica Securities and Comerica Insurance Services. In this role, Malone will be based in Dallas, TX, home of Comerica’s corporate headquarters.

Malone brings to Comerica more than 30 years of experience in growing diverse businesses in private wealth management and brokerage environments. Most recently, he served as managing director and national branch director of J.P. Morgan Securities in its New York office. Prior to that, he served in management positions of increasing scope and responsibility at Smith Barney and Morgan Stanley in Ohio, Florida and Illinois.

Comerica Securities serves the brokerage needs of individuals, business owners and institutions. Comerica Insurance Services delivers a range of individual and business insurance solutions for clients.

“We look forward to the value that Mike can add to our Wealth Management senior executive team,” said Julia C. Wellborn. “His ability to grow advisor related businesses, his customer focus and commitment to excellence will serve Comerica and our clients well.”