CLEVELAND, May 23, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that Ken Gavrity has been appointed executive vice president and group head of KeyBank's Enterprise Commercial Payments Group. He will be based in Cleveland and report directly to Randy Paine, co-head of Key Corporate Bank.
In this role, Mr. Gavrity will oversee the strategy, development and distribution of Key's domestic and international payment and trade service offerings designed for businesses, public entities and financial institutions.
Mr. Gavrity has extensive experience in the financial services industry including capital markets research, strategic and operational consulting, and corporate development. Most recently, he served as head of product and innovation, KeyBank Enterprise Commercial Payments. In this role, Ken was responsible for the development of market and product strategies, pricing, strategic partnerships, and intellectual capital across core treasury, commercial card, merchant, FX, and international trade solutions.
"The combination of Ken's breadth of experience and proven leadership make him the right person to continue the momentum this business has seen over the last two years," said Mr. Paine. "Ken has been instrumental in developing and driving the strategic priorities from his product and innovation seat, and I'm confident in his ability to lead this organization to continue to deliver best-in-class innovative solutions to help our clients run their businesses better every day."
Mr. Gavrity earned his MBA from the Tepper School of Business at Carnegie Mellon University and his BA in Economics from Allegheny College. He also holds a CFA.
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $98.4 billion at March 31, 2016. Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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