Career moves

M&T Bank in Buffalo, New York, named Peter D’Arcy head of commercial banking after completing its acquisition of People’s United Financial earlier this month. D’Arcy will take over from Gino Martocci, who is retiring.

Joe Manchin, a key Democrat in the U.S. Senate, said he’s spoken to Michael Barr, President Joe Biden’s choice to be the U.S. Federal Reserve chief banking supervisor, and so far doesn’t see a problem with his nomination.

While millions of employees have voluntarily left their jobs over the past year, senior level industry leaders have continued to advance their careers.

Mastercard's metaverse designs, a guilty plea for fraud conspiracy and more in banking news this week

Metaverse aversion, car chargers at Chase branches and more in banking news this week.

Robert Sarver, who is majority owner of the Phoenix Suns basketball team, will retire from his longtime role on the board of directors of Western Alliance Bancorp. in June, the company said. Sarver and the Suns are being investigated by the National Basketball Association regarding allegations of racism and misogyny within the Suns organization.

Robyn Luhning, the bank’s head of environmental and social risk management, takes the position at a time when financing for the fossil-fuel industry faces scrutiny. Other large banks have created similar roles in recent years.

Vernon Hill, Ellen Alemany and Joseph Otting are among the executives whose careers took a turn after their company was acquired. Here’s a look at what eight CEOs did after their time atop a bank ended.

David Miree will become global head of diversity, equity and inclusion for the New York megabank. He will succeed Brian Lamb, who will move into a new role in the firm’s commercial banking business.

Dontá Wilson, American Banker’s Digital Banker of the Year for 2021, succeeds Brant Standridge, who recently left the North Carolina company for a position at Huntington Bancshares.

Peter Johnson, who has led the company since 2007, will be succeeded by Chief Financial Officer Laura Clark.

The Pennsylvania company said that Philip Wenger, who has been CEO since 2013, is stepping down on Jan. 1 and that Myers will succeed him.

The San Francisco bank promoted its president, Mike Roffler, to the top job. He succeeds founder Jim Herbert, who has been on medical leave and now becomes executive chairman.

M&T-People's closing date set, U.S. Bank's WNBA deal and more in banking news this week.

Revolut’s Chief Revenue Officer Alan Chang is leaving the U.K. financial technology startup for a new cryptocurrency venture and is seeking to raise roughly $100 million in financing.

Citigroup’s Greg Girasole and Alex Kriete, who were tapped by the bank last year to oversee a new digital-assets group inside its wealth management division, are departing. 

Mary McNiff, who has been in the job since 2020, will step into a new, unspecified role later this year. CEO Jane Fraser, who is dealing with the aftermath of two consent orders, has said that updates to the company’s risk management systems are her top priority.

Russia reverberations, a rebranding, a resignation and more in banking news this week.

Titi Cole will run the megabank’s legacy franchises division, which contains consumer businesses that Citi is looking to sell or wind down in other countries. The exits are part of CEO Jane Fraser’s efforts to reshape the bank.

Wall Street gets an automated nonfungible tokens machine, credit union arrivals and departures, and more in banking news this week.