KeyCorp has hired Peter Hancock, an executive whose resume includes a brief stint as J.P. Morgan & Co.'s chief financial officer, as the vice chairman in charge of its national banking business group.

Mr. Hancock joined the Cleveland company Monday, succeeding Thomas Bunn, who said in July that he planned to retire in February to satisfy a previously stated goal of retiring when he turns 55.

KeyCorp said Tuesday that Mr. Hancock was unavailable for interview. The company has one other vice chairman and a vice chairwoman.

Henry L. Meyer 3rd, its chief executive, cited Mr. Hancock's "breadth of experience in management, risk management, and capital markets" in a press release.

"We believe Peter's deep market and risk management expertise will provide a strategic dimension and perspective that will be particularly valuable in managing through the challenging credit and capital markets in the short and longer term," Mr. Meyer said.

KeyCorp said its national banking group provides products and services to businesses and individuals, including corporate finance, capital markets, asset management, commercial real estate, and risk management.

Mr. Hancock joined J.P. Morgan (which is now part of JPMorgan Chase & Co.) in 1980 and spent more than 20 years at the company working in a number of areas, including credit and risk management.

He was eventually appointed the CFO but resigned in September 2000, after spending just a year in that position.

In 2002 he co-founded Integrated Finance Ltd., a strategic risk management, advisory, and asset management firm.

Most recently he was a managing director at the strategic and financial advisory firm Trinsum Group Inc.

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Corrected December 3, 2008 at 7:37PM: In an earlier version, a brief item about KeyCorp's hiring of Peter Hancock had an incorrect headline. As the story correctly noted, he was hired as the vice chairman in charge of the national banking business group.