PNC Financial Services Group’s board of directors recently voted to unanimously appoint Mark Wiedman as president of the corporation and its wholly owned banking subsidiary, PNC Bank, National Association, effective immediately.
The Regional Presidents Office and PNC’s primary operating lines of business will report to Wiedman.
“I’m thrilled Mark has joined us in this role,” William Demchak, PNC chairman and CEO, said. “Banking today is nothing like your father’s bank – not even close. Mark brings deep experience from a fast-moving, tech-forward, consolidating industry that aligns perfectly with where we are headed, and which is why Mark is the right fit for this role. I have worked with Mark for 20 years, and we are fortunate that the timing was right for him to join our team.”
Wiedman previously was BlackRock senior managing director and a Global Executive Committee member. He led BlackRock’s Global Client Business and was responsible for commercial relationships, partnerships, and joint ventures. He also led BlackRock’s 2008 creation of Penny Mac and served on its board from 2008-2019.
PNC is in the midst of a growth-focused strategy to increase its client base through diversified products and services, leverage technology for best-in-class service and security, and grow brand awareness and consideration.