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KeyCorp Hires B of A Exec for HR Chief

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KeyCorp (KEY) in Cleveland has hired a Bank of America (BAC) veteran as its chief human resources officer.

Craig Buffie is in charge of implementing the human resources strategy for KeyCorp's 15,500 employees in the United States and abroad, the company said Tuesday. He also has joined the $89 billion-asset KeyCorp's executive management team and executive council, and reports to Chief Executive Beth Mooney.

Buffie held several jobs during a 27-year career at Bank of America. Most recently he served as B of A's head of home loan sales and fulfillment. He is a Penn State alum and also has an MBA in finance and marketing from Kelley School of Business at Indiana University.

Buffie replaced former chief human resources officer Johnni Beckel, who left KeyCorp in November, a company spokeswoman said.

"Craig Buffie is a tremendous addition to Key's leadership team," Mooney said in a news release. "He possesses deep business and human resources leadership skills with a proven ability to help drive business improvement. Craig brings a unique perspective that will enable him to lead our efforts to attract, retain and engage a diverse and talented work force."

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10 Key Insights About the Unbanked
They are spending a lot, just not with you.

Revenue is growing significantly and steadily for products targeting people outside the financial mainstream.

Though they use banks very little or not at all, these consumers do use financial products and services. It is a market segment that generated an estimated $107 billion in fee and interest revenue during 2014, up 4.6% from the prior year, according to estimates from the Center for Financial Services Innovation.

Two recent studies offered some key insights about these so-called "underbanked" and "unbanked" consumers. Here is a quick overview, with charts to illustrate.

(Image: Bloomberg News)

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