Fifth Third Bancorp (Nasdaq: FITB) announced today that Jelena
McWilliams will become its chief legal officer and corporate secretary.
McWilliams, who will report to President and CEO Greg D. Carmichael,
will join the Company Jan. 9. Her responsibilities will include
overseeing Legal, Government Affairs and Regulatory Affairs.
McWilliams joins Fifth Third from the public sector, where she has
worked since 2007. Since 2012, she has held chief counsel, deputy staff
director and senior counsel positions with the U.S. Senate Committee on
Banking, Housing and Urban Affairs. There, she has provided legal
counsel to senators, engaged in oversight of federal financial
regulators and drafted legislation on prudential banking regulation,
systemic risk, consumer protection and other regulatory matters.
From 2007 to 2010, McWilliams served as an attorney for the Division of
Consumer and Community Affairs at the Federal Reserve Board of Governors
where she drafted consumer protection regulations, responded to consumer
complaints and conducted consumer testing of mortgage disclosures. She
then joined the U.S. Senate Small Business and Entrepreneurship
Committee as assistant chief counsel, handling financial services,
banking regulation, consumer protection, economic and monetary policy,
budget, federal debt and deficit, and small business issues.
"Jelena is a great addition to the executive leadership team at Fifth
Third Bank," Carmichael said. "In addition to her extensive experience
in regulatory affairs and financial services, Jelena has a strong focus
on the customer that was honed in her various roles in government. This
focus is a perfect fit for Fifth Third’s strategic direction in 2017 and
beyond. Her counsel undoubtedly will move us closer to our ability to
achieve our Vision, which is to be the one bank people most value and
trust.”
McWilliams practiced law at Morrison & Foerster LLP in Palo Alto,
California, and Hogan & Hartson LLP (now Hogan Lovells LLP) in
Washington, D.C. In her law practice, McWilliams focused on corporate
law, counseling clients on public offerings of debt and equity
securities, and representing publicly and privately held companies in
mergers and acquisitions, securities offerings, strategic business
ventures, venture capital investments, and corporate governance matters.
McWilliams earned bachelor's and law degrees from the University of
California at Berkeley. She is a member of the California Bar
Association.
“Fifth Third’s strong foundation, clearly articulated strategic plan and
deep commitment to improving lives are among the many reasons I am
excited to join the Bank at the start of 2017,” McWilliams said. “I look
forward to helping build on that legacy.”
About Fifth Third Bancorp
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. As of September 30, 2016, the Company
had $143 billion in assets and operates 1,191 full-service Banking
Centers, including 94 Bank Mart® locations, most open seven days a week,
inside select grocery stores and 2,497 ATMs in Ohio, Kentucky, Indiana,
Michigan, Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. Fifth Third operates four main businesses: Commercial Banking,
Branch Banking, Consumer Lending, and Wealth & Asset Management. Fifth
Third also has an 18.3 percent interest in Vantiv Holding, LLC. Fifth
Third is among the largest money managers in the Midwest and, as of
Sept. 30, 2016, had $314 billion in assets under care, of which it
managed $27 billion for individuals, corporations and not-for-profit
organizations. 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
Media Contact:
Larry Magnesen, 513-534-8055
or
Investor Contact:
Sameer Gokhale, 513-534-2219