KeyCorp, the holding company of KeyBank, has announced the promotion of Darrin Benhart to the position of Chief Risk Officer. Benhart, who previously held the role of Deputy Chief Risk Officer, succeeds Mark Midkiff following his retirement, which was announced in November. Midkiff will continue to serve in an advisory capacity during the transition period.
Chris Gorman, Chairman and CEO of KeyCorp, expressed his gratitude to Mark Midkiff for his substantial contributions to the company, particularly in developing its risk management culture. Gorman also congratulated Darrin Benhart on his new appointment, highlighting Benhart’s extensive experience in the financial services industry. “Darrin has worked with top management teams and has expertise in a wide range of risk disciplines, including credit and market risk, commercial credit policy, and climate change,” said Gorman.
Benhart joined KeyCorp in July 2022, bringing with him a wealth of experience from a 30-year career at the Comptroller of the Currency (OCC) in the U.S. Department of the Treasury. During his tenure at the OCC, Benhart held various senior roles, including serving as Deputy Comptroller of the Currency.
In his new role as Chief Risk Officer, Benhart will be a member of KeyCorp’s executive leadership team and will report directly to CEO Chris Gorman. He will be responsible for overseeing all aspects of KeyCorp’s risk management program, ensuring that the company continues to operate within a robust and effective risk management framework.
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