PNC Financial names former BlackRock executive as president
April 7 (Reuters) - PNC Financial Services Group (PNC.N), opens new tab on Monday appointed former BlackRock (BLK.N), opens new tab executive Mark Wiedman as president, effective immediately.
Wiedman will also assume presidency of the Pittsburgh-based company's wholly owned banking subsidiary, PNC Bank, PNC Financial said.
Wiedman will report to Chief Executive William Demchak.
Michael Lyons, the group's previous president, left in January to become president and CEO-elect of payments firm Fiserv (FI.N), opens new tab.
Touted to be a potential successor to BlackRock's CEO Larry Fink, Wiedman was the head of global client business at the asset manager. He also held several key positions at the firm since he joined in 2004 from Morgan Stanley (MS.N), opens new tab.
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