Key's Global Treasury Management Group Announces New Senior Management Team

CLEVELAND, Aug. 12 /PRNewswire-FirstCall/ -- KeyBank has created a new senior management team within its Global Treasury Management (GTM) group. The team will be organized around distinct client segments and rapidly changing treasury management needs. The GTM group provides businesses, organizations and municipalities of all sizes, with a full range of cash management and global trading service.

"We have focused our investment by adopting a sales approach that leverages our strong product and technical expertise and more closely aligns it with our clients' needs to manage cash flow and working capital," said Pam Carson, head of GTM." By delivering expert treasury strategy ideas and product solutions, we will provide additional value to our clients."

The new senior managers include: - Bruce Keenen, national client management leader. Keenen will head an expanded client management team that deepens relationships with existing clients. Keenen is a seasoned veteran with more than 30 years experience in financial services, including cash and product management and global trade services. - Don Leedom, national commercial and community business development leader. Leedom will manage a new sales team that will focus on middle market clients, and on the needs of the smaller, local business. - Jim Dean, national institutional business development leader. Dean will lead business development efforts for the institutional banking segment, which includes large corporate clients. - Michael Gordon, real estate capital business development leader. Gordon will head the newly created real estate business development team responsible for working with KeyBank's real estate capital clients. KeyBank Real Estate Capital is the nation's third-largest commercial real estate capital provider with nearly $19 billion in annual financings. - John Avallone, public sector sales leader. Avallone will continue to oversee all of GTM's public sector sales team, which includes government, nonprofit and educational organizations as well as labor unions. - Dave Verhotz, global trade sales leader. With offices across the United States, Verhotz will continue to manage the global trade services group, which works with more than 1,500 correspondent banks to provide a wide variety of import and export services.

The following senior managers will focus on strategic planning and product development:

- Robin Cottingham, chief administrative officer. Cottingham's responsibilities will include strategic planning, performance management, knowledge management, compliance and corporate initiatives. - Veronica Correa-Janssen, director of product management. Correa-Janssen will lead the development of treasury management solutions across all client segments.

KeyBank's Global Treasury Management team provides innovative technology solutions and expert consultative cash management and global trade services specifically designed to help clients get the most out of every business opportunity. Additional information about GTM's product and service offering can be found in the corporate section (Treasury Management) of the KeyCorp Web site at http://www.key.com/.

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $91 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.