PNC is committing $20 billion over five years in support of environmental finance. This commitment is an extension of PNC’s support for accelerating the transition to a low-carbon economy.
The Board of Governors of the Federal Reserve System and the Office of the Comptroller of the Currency provided regulatory approval of PNC’s previously announced acquisition of BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA.
Amanda Agati will succeed Mark McGlone as chief investment officer of PNC Asset Management Group, effective April 9, upon McGlone’s retirement following a 40-year career.
The PNC Financial Services Group and the Spanish financial group, Banco Bilbao Vizcaya Argentaria, signed a definitive agreement for PNC to acquire BBVA USA Bancshares, including its U.S. banking subsidiary, BBVA USA, for a purchase price of $11.6 billion.
Bank of America added Adam Moss as a national marketing manager. Moss most recently served as the head of asset-based lending loan sales and distribution for debt capital markets at PNC Financial Services Group.
The PNC Financial Services Group added two new members to its executive committee. Carole Brown will be head of PNC’s asset management group (AMG) and Richard K. Bynum will serve in the newly created role of chief corporate responsibility officer.
PNC Financial Services Group has named Thomas P. Melcher as PNC Asset Management Group’s chief investment officer. Melcher is currently managing executive of Hawthorn, PNC Family Wealth.
The Structured Finance Industry Group announced that it elected a permanent Board of Directors consisting of representatives from 40 member organizations. Reggie Imamura of PNC Financial is chairman.
PNC Financial Services Group appointed Andrew Feldstein, co-founder, chief executive officer and chief investment officer of BlueMountain Capital Management, to its board of directors.