Daily News: April 9, 2014

KeyCorp Names Devine And Burke Co-Presidents

KeyCorp announced that it created a new leadership structure for its Community Bank and named E.J. Burke and Dennis Devine co-presidents. Burke will serve as Community Bank co-president, Commercial & Private Banking, and Devine will serve as Community Bank co-president, Consumer & Small Business.

Devine and Burke will join Key’s executive leadership team and report directly to Beth Mooney, Key’s chairman and CEO.

In the new structure, the Community Bank Co-Presidents will work together to deliver Key’s solutions to consumer, commercial and high-net worth clients across 12 states and 23 markets. Burke will be responsible for Key’s Commercial Banking and Business Banking segments as well as Key Private Bank. Devine will focus on Key’s retail banking operations working with Consumer and Small Business clients. As a result of this new leadership structure, Bill Koehler, president of the Community Bank, has decided to leave Key.

“The new leadership structure further sharpens our focus on the client and the communities KeyBank so proudly serves,” said Mooney. “Based on their experience and success, both Dennis and E.J. are a perfect fit for these new leadership positions. They will work as a team to lead the Community Bank. Our clients can have confidence that Key continues to deliver extraordinary service and a full-breadth of solutions to their financial needs. E.J. and Dennis will work closely with Bill Koehler over the next several months to ensure a smooth and successful transition of his responsibilities. I want to thank Bill who has served as President of Key’s Community Bank since 2010. He leaves a strong legacy at Key and has played an important role in helping shape our relationship-based business strategy.”

Devine joined Key in 2012 and leads Key’s Consumer & Small Business Segment. He has been responsible for business performance and strategic direction of Key’s retail businesses across 12 states and nearly 2 million clients. Prior to joining Key, Devine served as Group EVP and director of U.S. Distribution at Citizens Financial Group and in leadership positions at PNC Bank.

Burke joined Key in 2000 and leads KeyBank Real Estate Capital and Key Community Development Lending. During his career at Key, in addition to Real Estate Capital Burke has been responsible for Key’s Treasury Management, Foreign Exchange, Derivatives, Public Sector and Institutional Asset Services groups. Prior to joining KeyBank, Burke was president and a founding member of Kansas City-based National Realty Funding; a master, primary and special servicer as well as an originator/seller of commercial mortgage loans for securitization that was acquired by KeyCorp in 2000.