Comerica Bank has appointed Floyd Kessler to the new role of EVP and Chief Business Risk Officer. [Photo: Comerica Incorporated]
Floyd Kessler has been appointed to the new role of executive vice president and chief business risk and management officer at Dallas-based Comerica, reporting to Peter Sefzik, chief banking officer.
Mr. Kessler will lead the Business Risk and Control functions for Commercial Banking, Marketing, Customer Experience, Retail Banking and Wealth Management, and will help drive the transformation of Comerica’s risk and control functions across all of its revenue lines, the bank said.
“Cultivating a strong risk and management culture remains a priority for Comerica. Mr. Floyd’s leadership and extensive experience in risk management will ensure that we continue to develop the appropriate controls and controls that will continue to be essential to Comerica’s future growth.” It ensures that we are well-positioned to establish a strong risk culture,” Sefzik said.
Kessler joins the company with 18 years of risk management experience in the financial services industry, including 16 years at USAA, Comerica said. His role will focus on risk framework transformation and implementation for mid-sized and large financial institutions, the company said.
Kessler has held several risk management roles, most recently as head of non-financial risk processes, where he focused on developing fundamental risk management strategies during periods of high growth. As USAA’s risk leader, Kessler was instrumental in establishing key risk functions and implementing regulatory initiatives, the company said.
He has held leadership roles focused on establishing and implementing programs aimed at identifying, monitoring, reporting and mitigating operational and compliance risks, the company said.
Comerica Bank, a subsidiary of Comerica Inc., is a financial services company strategically aligned through three business segments: Commercial Banking, Retail Banking, and Wealth Management.
One of the 25 largest commercial financial holding companies in the United States, Comerica has locations in Arizona, California, Florida, Michigan and Texas, and relationships in more than 400 banking centers across the country that help people and businesses succeed. He said he is focusing on supporting the
Founded in 1849 in Detroit, Michigan, Comerica continues to expand into new regions, most recently in the Southeast, including the Mountain West markets of North Carolina and Colorado.
Comerica has offices in 17 states and serves 14 of the 15 U.S. metropolitan areas, as well as Canada and Mexico. As of March 31, total assets were reported to be $79.4 billion.
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