KeyCorp (NYSE: KEY) on Monday announced that Terry Jenkins has joined the banking company as president of Key Private Bank.
Jenkins will oversee development and execution of the strategy for Key’s wealth-management unit, which includes trust and investment management, institutional trust, and banking services for affluent individuals, families, business owners, and institutions. He will be based in Cleveland, where Key is headquartered, and report to E.J. Burke, co-president, of Key Community Bank, Commercial & Private Bank.
“Terry is a seasoned leader that is ideally suited to lead implementation of our wealth management strategy,” Burke said in a news release. “His banking and wealth management experience, along with a strong track record in developing high-performing teams and driving revenue growth, will make him a tremendous asset to Key.”
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Prior to joining Key, Jenkins was president and CEO of BMO Private Bank U.S.A., and executive vice president at BMO Harris Bank N.A. He previously served as head of BMO Harris Private Banking, the Canadian wealth-management unit of BMO Financial Group.
Jenkins earned his bachelor’s degree from the University of Toronto and a master’s degree in international management from McGill University in Montreal.
Key had total assets of nearly $94 billion at the end of 2014. Its KeyBank unit ranked third in deposit market share in the 16-county Central New York area, with a share of less than 9 percent, as of June 30, 2014, according to the latest FDIC data available.
