KeyCorp taps NatCity for its new wealth-group head

FWR Staff

4 March 2009

Lathe brought in to replace former colleague Grebenc who joined Key in 2008. Cleveland-based KeyCorp has selected former National City executive Timothy Latheto lead its privatew-client business, which includes Key PrivateBank and Key Wealth Management, the bank's high-wealth segment. He reports to KeyCorp's vice chairman and Key Community Banking head Beth Mooney.

"Tim is a seasoned leader with experience in regional, corporate and investment banking," says Mooney. "He is ideally suited to lead implementation of our Wealth strategy and work closely with Key Community Banking leaders to integrate these strategies into their marketplace activities."

Close pursuit

KeyCorp's Community Banking division consists of the bank's retail-, business-, middle-market commercial-banking and private-client segments. As head of Key Community Banking. Mooney reports to KeyCorp's CEO Henry Meyer.

Lathe replaces Jane Grebenc as head of KeyCorp's wealth-management business. Grebenc recently made the "personal decision" to leave the bank after just a year, according to a KeyCorp spokesman. (Grebenc replaced Carol Klimas who left KeyCorp in the middle of 2007 to become president of Lake Ridge Academy, a North Ridgeville, Ohio-based private school.)

Lathe and Grebenc were colleagues at KeyCorp's hometown rival National City for more than two decades -- in fact Lathe replaced Grebenc as head of National City's Private Client Group when she moved to KeyCorp.

National City is part of Pittsburgh-based PNC.

In a career going back over 30 years, Lathe also served as chairman of National City's brokerage NatCity Investments and head of its ultra-high-net-worth group. In addition, he held positions with Mercantile Bancorporation (now also part of PNC) and Dixie Federal Bank, where he began his career as a branch manager.

KeyCorp has 986 bank branches in 14 mainly northern states from Alaska to Maine -- and a smattering of private-banking offices throughout this retail-banking footprint. -FWR

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