KeyCorp (NYSE: KEY) recently announced that Bruce Murphy, head of corporate responsibility, plans to retire on July 1. Key added that Don Graves will succeed Murphy and assume responsibility for Key’s corporate responsibility and community relations functions. Murphy, who joined the banking company in 1990, has been head of corporate responsibility since 2013. “Bruce’s focus […]
KeyCorp (NYSE: KEY) recently announced that Bruce Murphy, head of corporate responsibility, plans to retire on July 1. Key added that Don Graves will succeed Murphy and assume responsibility for Key’s corporate responsibility and community relations functions.
Murphy, who joined the banking company in 1990, has been head of corporate responsibility since 2013.
“Bruce’s focus on balancing mission and margin has spanned across many areas of Key including the KeyBank Foundation, fair and responsible products and community development lending,” Beth Mooney, chairman and CEO of KeyCorp. “Key is a stronger bank and community partner thanks to Bruce’s tireless work. He will leave a lasting legacy at KeyBank.”
Among Murphy’s “many accomplishments” include the development and execution of its $16.5 billion national community benefits plan, which includes commitments for community development lending and investing, mortgages to low-to-moderate income families, small business-lending, and philanthropy, Key said.
Graves joined Key in 2017 as senior director of corporate community initiatives & relations. In this role, he has worked to integrate Key’s strategies between community outreach efforts and public officials, trade groups, and agencies that support the opportunities and obligations of the banking company’s national community benefits plan. Prior to joining Key, Graves served as counselor and domestic and economic policy director for previous U.S. Vice President Joe Biden. He provided advice on a range of policy issues including ways to create jobs and opportunity for the American people.
Graves was previously appointed by President Barack Obama as executive director of the president’s Council on Jobs and Competitiveness at the White House and was also appointed by Obama to lead the federal government’s efforts in the city of Detroit.
“Don’s focus on community transformation and engagement has given him the depth and breadth of experience to effectively lead Key’s Corporate Responsibility organization. I look forward to Bruce and Don partnering closely over the next several months to ensure a smooth transition,” said Mooney.
KeyCorp’s roots trace back 190 years to Albany, New York. Its KeyBank unit today ranks second in deposit market share in the 16-county Central New York area. ν
