KeyBank recruits JPMorgan Chase veteran to lead its wealth management businesses
Joe Skarda
KeyCorp has announced hiring Joe Skarda as president of KeyBank Wealth Management, where he ultimately fills a post last held by Terry Jenkins, who retired in March.
In his role, Skarda will oversee a division that encompasses Key Private Bank (which has about $45.2 billion in assets under management, or AUM, and $52.7 billion in assets under advisement), Key Family Wealth ($15.8 billion in AUM) and the mass affluent segment Key Investment Services ($21 billion in AUM).
Skarda will drive growth through a relationship-focused delivery model, serving clients in the mass affluent, high net worth (HNW) and ultra-high net worth (UHNW) segments, according to Key.