Aravind Immaneni Named Fifth Third Bank Chief Operations and Technology Officer
November 01 2016 - 3:29PM
Business Wire
Fifth Third Bancorp (Nasdaq:FITB) announced today that Aravind
Immaneni will be joining the Bank effective Nov. 14, 2016, as
executive vice president and chief operations and technology
officer. Immaneni will report to President and CEO Greg D.
Carmichael. He will be responsible for all aspects of information
technology and back-office operations at the $143 billion bank.
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Fifth Third Bank announced today that
Aravind Immaneni will be joining the Bank effective Nov. 14, 2016,
as executive vice president and chief operations and technology
officer. Immaneni will report to President and CEO Greg D.
Carmichael. (Photo: Business Wire)
Immaneni has extensive experience in transforming businesses by
reinventing operations, technology and processes. He joins Fifth
Third from TD Bank, where he currently is head of Retail
Distribution Strategy & Operations. In that role, Immaneni has
oversight for branch operations, infrastructure, distribution
strategy and transformation for TD Bank’s 1,280-branch network from
Maine to Florida. Prior to his current role, he served as head of
Retail Bank Operations, with oversight for back-office operations,
systems, loan origination and underwriting for TD’s Consumer
Bank.
“We are excited to have an executive of Aravind’s caliber and
seasoning join Fifth Third in this role at this time,” Carmichael
said. “In addition to being able to contribute immediately to
current lines of business, Aravind also will put his extensive
expertise and passion to work on new initiatives under way to grow
revenue, tightly manage expenses and improve the customer
experience.”
Immaneni started his career with DuPont in 1997, serving in
roles spanning research, operations and marketing. He joined
Capital One in 2002, holding senior leadership positions in
National Direct Bank, Deposit Operations & External Fraud, and
Commercial & Small Business Operations. In each role, he led
significant transformation by integrating process improvement and
technology.
Immaneni earned a bachelor’s degree in Chemical Engineering from
IIT-Madras and a doctorate from the University of Illinois at
Champaign-Urbana. He also graduated Palmer Scholar with an MBA from
the Wharton School of Business. He is a certified Six Sigma Master
Black Belt. Immaneni is also an avid ultra-distance athlete and is
a two-time Ironman finisher. He and his family will relocate to the
Cincinnati area from New Jersey.
“I am thrilled to join the leadership team at Fifth Third,”
Immaneni said. “This is a terrific time to leverage my experience
in operations and technology at Fifth Third to help the Company
achieve and exceed its strategic objectives.”
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% interest in Vantiv Holding, LLC. Fifth Third is among the
largest money managers in the Midwest and, as of September 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.
Copyright © 2016. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
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version on businesswire.com: http://www.businesswire.com/news/home/20161101006837/en/
Fifth Third BancorpSameer Gokhale (Investors),
513-534-2219orLarry Magnesen (Media),
513-534-8055
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