Fifth Third, Discover, BMO Financial: Bankers on the move
Some of the biggest industry moves in May and early June were not executive promotions, but rather departures.
Fifth Third Bancorp Chief Administrative Officer Teresa Tanner, an annual honoree among American Banker’s Most Powerful Women in Banking, departed the bank in June to focus on creating more opportunities for people — particularly women.
Discover Financial Services Chief Financial Officer Mark Graf also announced plans to retire next year, spurring a search for his successor.
Some veterans continued to rise up the ranks in their institutions, meanwhile.
Ernie Johannson was named group head of North American personal banking and U.S. business banking at BMO, the Canadian holding company for the $123 billion-asset BMO Harris Bank in Chicago. She will retain her current responsibilities as group head of U.S. personal and business banking and head of North American retail payments.
MUFG Bank announced June 10 that Deborah Bennett, a near 20-year veteran of Citigroup, was joining as a managing director in its Supply Chain Finance group in the Americas.
And Early Warning, the company that manages the person-to-person payment service Zelle, named Albert Ko its new CEO on May 30. He came from Intuit, where he was general manager of Mint and at another point oversaw QuickBooks.
Scroll down to see this month's featured career moves: