Former Indianapolis Power and Light president and CEO Rafael Sanchez will join Evansville, IN-based Old National Bank as President of Private Banking.

Sanchez, who will be based in Indianapolis, will lead a team that focuses on the unique needs of Private Banking clients throughout Old National’s five-state footprint.

“We are incredibly excited that a leader of Rafael’s unique abilities is joining our organization,” said Old National President and COO Jim Sandgren. “We are confident that empowering Rafael to focus exclusively on Private Banking will elevate Old National’s commitment to, and ability to serve, this important client base.”

Sanchez began his professional career in 1999 as a retail banker with National City Bank in Fort Wayne, IN. Most recently, he was president and CEO of IPL. As CEO of IPL, he was responsible for stakeholder management, community relations, customer experience, legislative and government affairs, energy-efficiency initiatives and strategic accounts. Additionally, he implemented a strategic community engagement plan that focused on diversity and inclusion.

Old National Bancorp is the holding company of Old National Bank. Headquartered in Evansville with $17.5 billion in assets.