PNC Senior Vice Chairman Joseph C. Guyaux To Retire

Joseph C. Guyaux says he plans to retire from his roles as senior vice chairman, president and CEO of PNC Mortgage, effective spring 2016. PNC's current treasurer and chief investment officer, E. William Parsley III, will succeed Guyaux as head of PNC Mortgage in addition to his current roles.

‘During his remarkable 43-year career at PNC, Joe Guyaux has, at one time or another, led nearly every core business activity within the company,’ says William S. Demchak, chairman, president and chief CEO of The PNC Financial Services Group.

Among his many prior leadership positions, Guyaux served as president of PNC from 2002 to 2012, head of retail banking from 2005 to 2012, chief risk officer from 2012 to 2015, and accepted his current role with PNC Mortgage earlier this year.

The company says Parsley is responsible for asset and liability management, with a specific focus on interest rate risk management and investing PNC's balance sheet.

Parsley has more than 25 years of experience in the financial service industry, particularly in managing interest rate and currency risks. Prior to PNC, he held a number of positions at JP Morgan Chase.

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