- Title: Executive vice president, National City Bank. Gonsiorowski, who had been on the investment banking side, has been named to lead the corporate banking group for the greater Cleveland area.
- Challenge: Gonsiorowski says his most difficult task is to guide the bank through turbulent economic times. "It's a tougher market than we anticipated six months ago," he says. "There's been a sea change in the markets over the last several months. It's the fastest such change that I've ever seen in my 25 years in banking."
- Cross-Over: Gonsiorowski has been with National City 25 years and has returned to the commercial banking side after an 11-year stint with the investment banking group. He says his time in investment banking was "invaluable" in helping him grow as a commercial banker. "Investment banking is a grind," Gonsiorowski says. "The highs are high and the lows are lower." He says he now has a "deeper focus on assessing management talent" and better negotiating skills, "all of which makes you a better commercial banker."
- Changes: When Gonsiorowski left the commercial banking group in 1985, he says banking was a different world. "The commercial side is a lot more sophisticated than it was. The business is so much more dy-namic, market-oriented and complex, as compared with the mid-80's."
- Goals: Gonsiorowski plans to "make sure we get a lot more cross-fertilization between the commercial bank and the investment bank. My goal is to send more business back to our investment banking group."
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The Jackson, Mississippi, company will use proceeds from the sale of its Fisher Brown Bottrell Insurance unit to restructure its investment portfolio, moving $1.6 billion of low-yield securities off the balance sheet.
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April 24