Fifth Third Bancorp (Nasdaq: FITB) announced today it is strengthening
its Payments and Commerce Solutions team with the hiring of Jed Scala
and Siva Gowrishankar.
The Payments and Commerce Solutions division encompasses consumer cards,
commercial cards, treasury management, emerging payments and commerce
solutions.
“The Payments and Commerce Solutions division plays a critical role in
helping Fifth Third address evolving needs of our customers and clients
as they seek out innovative and valuable financial solutions,” said Tim
Spence, executive vice president and chief strategy officer for Fifth
Third. “We believe the addition of Jed and Siva will help us elevate our
services, foster innovation and position us to be competitive in the
payments industry.”
Jed Scala joins Fifth Third as executive vice president and head
of Payments and Commerce Solutions, reporting to Tim Spence. He brings
more than two decades of financial-services experience including leading
and overseeing growth in payment, loyalty and lending businesses across
consumer and small-business segments at American Express, serving most
recently as senior vice president and general manager of US Consumer
Lending. Scala received a bachelor’s degree from Williams College and an
MBA from Columbia Business School.
Siva Gowrishankar will serve as senior vice president and head of
credit strategy and optimization; He brings nearly 20 years of
experience with financial services, most recently as chief credit and
analytics officer at GreenSky and prior to this in credit and analytics
roles at Barclaycard and Capital One. He received an MBA from the
University of Virginia. He’ll report to Scala.
To deepen the division’s capabilities and comprehensive services, Bridgit
Chayt, senior vice president and director of wholesale payments,
will now lead the Wholesale Payments and Treasury Management teams.
Chayt joined Fifth Third in 2016 and will report to Scala. The wholesale
payments and treasury management team offers solutions and resources
tailored to clients’ individual needs, serving industries and business
segments such as health care, retail, gaming and entertainment. She has
over three decades of experience with financial services, including at
Comerica Bank, where she led strategy and revenue growth for
deposit-rich and transaction-rich businesses.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of June 30, 2017, the Company had
$141 billion in assets and operated 1,157 full-service Banking Centers
and 2,461 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida,
Tennessee, West Virginia, Georgia and North Carolina. In total, Fifth
Third provides its customers with access to more than 45,000 fee-free
ATMs across the United States. Fifth Third operates four main
businesses: Commercial Banking, Branch Banking, Consumer Lending, and
Wealth & Asset Management. Fifth Third is among the largest money
managers in the Midwest and, as of June 30, 2017, had $330 billion in
assets under care, of which it managed $34 billion for individuals,
corporations and not-for-profit organizations through its Trust and
Registered Investment Advisory businesses. Investor
information and press
releases can be viewed at www.53.com.
Fifth Third’s common stock is traded on the Nasdaq® Global Select Market
under the symbol “FITB.” Fifth Third Bank was established in 1858.
Member FDIC, Equal Housing Lender.
Fifth Third Bancorp
Sean Parker (Media), 513-534-NEWS
Sameer Gokhale (Investors), 513-534-2219