Morgan Rector, current president, Entertainment Group, and regional manager, Wealth Management – Ventura and Los Angeles County Region of Comerica Bank, will succeed Judith S. Love as Comerica’s California market president. Love plans to retire in June 2018.
In his new role, Rector will oversee all business and community development efforts of both Southern and Northern California, including management of Middle Market Banking and Technology and Life Science, as well as Wealth Management – Ventura and Los Angeles County Region and Comerica’s Entertainment Group. He will report directly to Curt Farmer, president of Comerica.
A 30-year financial services veteran, Rector joined Comerica in 2001, when Comerica acquired Imperial Bank, and has led and grown Comerica’s Entertainment Group since that time. In his Wealth Management role, Rector manages the Ventura and Los Angeles County Region, including private banking for the entertainment industry.
“Morgan’s distinguished background, relational leadership style and deep connections within the California communities we serve will equate to a smooth transition to market president,” Love said. “He is a well-respected leader at Comerica and embodies the bank’s values. He will bring a tremendous amount of enthusiasm and experience to his new role, and will continue to grow Comerica’s presence in California.”
Love joined the company in 1982, and assumed the role of California market president in 2013 and leader of Technology and Life Science nationally in 2016. During her 36 years at the bank, she held positions of increasing responsibility, including roles in investor relations, finance, treasury, real estate and purchasing.
“Judy will leave behind a remarkable legacy at Comerica,” said Ralph W. Babb, Jr., chairman and CEO. “Her success as California market president, as well as her role in leading Comerica’s Technology and Life Science group, is something of which she should be very proud. We wish Judy the very best in her well-deserved retirement.”
