PNC Financial Services Group, Inc. has announced the appointment of Mark Wiedman as the president of the corporation and its subsidiary, PNC Bank, National Association. Wiedman, who previously served as a senior managing director at Blackrock, brings a wealth of experience from the finance industry and is expected to accelerate the company's growth trajectory.
In 2024, PNC achieved positive operating leverage and strengthened customer relationships. The company aims to capitalize on this momentum by scaling the bank, growing its client base through diversified products and services, leveraging technology for best-in-class service and security, and increasing brand awareness.
Prior to joining PNC, Wiedman was the head of the Global Client Business at BlackRock, where he was responsible for the firm's $11 trillion in commercial relationships, partnerships, and joint ventures across financial institutions and investors worldwide. He also led the growth of iShares and Index Investments from $500 billion to $1.7 trillion.
Wiedman's appointment comes at a time when PNC is focused on executing a clear, growth-focused strategy backed by strategic investments and disciplined execution. The company is looking to leverage Wiedman's expertise to further strengthen its franchise and culture, ensuring that PNC remains the best bank to do business with and the best place to build a career.
PNC Financial Services Group, Inc. is one of the largest diversified financial services institutions in the United States, offering retail and business banking, specialized services for corporations and government entities, wealth management, and asset management. Following these announcements, the company's shares moved -2.2%, and are now trading at a price of $149.48. If you want to know more, read the company's complete 8-K report here.
