KeyCorp in Cleveland will retain two First Niagara Financial Group executives after its acquisition of the Buffalo, N.Y., company closes.
Kirk Jensen and Craig Stickney will keep their posts and continue leading their current divisions, a KeyCorp spokeswoman said Monday. Jensen is managing director of First Niagara Risk Management. Stickney is managing director of dealer finance.
The announcement comes as one of the first developments from the integration team working to merge the two companies, according to Buffalo Business First.
Both Jensen and Stickney joined First Niagara in 2012. Jensen previously worked at William Gallagher Associates, where he led risk management, according to his LinkedIn profile. Stickney joined First Niagara to lead its dealer financing unit. Stickney previously worked at KeyCorp and TD Bank.
Currently, KeyCorp does not operate an insurance subsidiary. That will change when it absorbs First Niagara Risk Management, which is one the largest bank-owned insurance companies in the U.S.