KeyBank recruits JPMorgan Chase veteran to lead its wealth management businesses

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KeyCorp has announced hiring Joe Skarda as president of KeyBank Wealth Management, where he ultimately fills a post last held by Terry Jenkins, who retired in March.

In his role, Skarda will oversee a division that encompasses Key Private Bank (which has about $45.2 billion in assets under management, or AUM, and $52.7 billion in assets under advisement), Key Family Wealth ($15.8 billion in AUM) and the mass affluent segment Key Investment Services ($21 billion in AUM).

Skarda will drive growth through a relationship-focused delivery model, serving clients in the mass affluent, high net worth (HNW) and ultra-high net worth (UHNW) segments, according to Key.

He will remain stationed in Chicago and report to Victor Alexander, Key’s head of consumer banking.

Skarda joins the Cleveland-based company from JPMorgan Chase & Co., where he’s worked for nearly 20 years. He leaves Chase as managing director of banking and wealth management for the company’s Midwest division.

“Joe is a seasoned leader and the ideal person to implement our wealth management strategy across our platform,” Alexander said in a statement. “His banking and wealth management experience, along with a strong track record in developing high-performing teams and driving revenue growth, will make him a tremendous asset to Key.”

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