Floyd Kessler has been named to the new role of executive vice president, chief business risk and controls officer of Dallas-based Comerica Inc., reporting to Chief Banking Officer Peter Sefzik.
Kessler will lead the business risk and controls office for commercial bank, marketing, customer experience, the Retail Bank, and wealth management, helping drive transformation of risk and control functions across all of Comerica’s revenue divisions, the banking company said.
“Fostering a strong risk and control culture remains a priority for Comerica. Floyd’s leadership and depth of experience in risk management ensures we are well-positioned to establish the appropriate controls and robust risk culture that remains vital to Comerica’s future growth,” Sefzik said.
Comerica said that Kessler joins the company with 18 years of risk management experience in the financial services industry, 16 of which were with USAA. His roles have focused on mid and large-financial institution risk framework transformation and implementation, the company said.
Kessler has served in several risk management roles, most recently as head of Non-Financial Risk Processes where he focused on the development of foundational risk management strategies during high growth periods. As a risk leader at USAA, the company said Kessler was instrumental in establishing critical risk functions and delivery of regulatory initiatives.
He has served in leadership roles focused on the establishment and execution of programs designed to identify, monitor, report, and mitigate operational and compliance risks, the company said.
A subsidiary of Comerica Inc., Comerica Bank is a financial services company that’s strategically aligned by three business segments: The Commercial Bank, The Retail Bank, and Wealth Management.
Comerica, one of the 25 largest commercial U.S. financial holding companies, said it focuses on building relationships and helping people and businesses be successful, providing more than 400 banking centers across the country with locations in Arizona, California, Florida, Michigan and Texas.
Comerica was founded in 1849 in Detroit, Mich., and it continues to expand into new regions, most recently in the Southeast, including North Carolina and the Mountain West Market in Colorado.
Comerica has offices in 17 states and services 14 of the 15 largest U.S. metropolitan areas, as well as Canada and Mexico. It reported total assets of $79.4 billion on March 31.
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