COLUMBUS, Ohio, June 11, 2019 /PRNewswire/ -- The Board of
Directors of Huntington Bancshares Incorporated (Nasdaq: HBAN;
www.huntington.com) has unanimously elected as a member retired
U.S. Department of the Treasury Chief Risk Officer Kenneth J. Phelan.
Phelan joined the U.S. Department of the Treasury as its first
Chief Risk Officer in November 2014.
In this role, he established the department's Office of Risk
Management to provide senior Treasury and other Administration
officials with analysis of key risks, including credit, market,
liquidity, operational, governance, and reputational risks across
the department. Phelan also served as Acting Director for the
Office of Financial Research, an independent bureau within the
Treasury Department charged with supporting the Financial Stability
Oversight Council and conducting research about systemic risk.
"Ken's deep expertise and extraordinary career as a highly
regarded risk and credit leader will significantly strengthen
Huntington's governance," said Stephen D.
Steinour, chairman, president and chief executive officer of
Huntington. "His unique, broad-based experience across the risk and
credit spectrum at a variety of institutions will enable our board
to maximize our risk capability in protecting our customers,
shareholders and colleagues."
Prior to Treasury, Phelan served as the Chief Risk Officer for
RBS Americas and for Fannie Mae after it was placed in
conservatorship. He previously served as the Chief Risk Officer for
Wachovia, where he provided leadership for credit, market, and
operational risk management during the transition following the
company's acquisition by Wells Fargo. Earlier in his career, Phelan
held a variety of senior risk roles at JP Morgan Chase & Co.,
UBS, and Credit Suisse.
"Huntington is well positioned, and I look forward to helping
the board continue its focus on disciplined growth in an
increasingly complex world," Phelan said. "I share the board's
commitment to looking out for people in all we do, and I admire the
strong governance mindset that aligns the interests of Huntington's
many stakeholders."
Phelan earned his bachelor's degree in finance from Old Dominion University and his master's degree in
economics from Trinity College in Dublin,
Ireland. He earned his law degree from Villanova University.
Phelan serves on the board of Independence Mission Schools, a
non-profit that provides a transformative Catholic education to
children of all faiths in low-income neighborhoods across
Philadelphia.
About Huntington
Huntington Bancshares Incorporated is
a regional bank holding company headquartered in Columbus, Ohio, with $108 billion of assets and a network of 898
full-service branches, including 12 Private Client Group offices,
and 1,727 ATMs across eight Midwestern states. Founded in 1866, The
Huntington National Bank and its affiliates provide consumer, small
business, commercial, treasury management, wealth management,
brokerage, trust, and insurance services. Huntington also provides
vehicle finance, equipment finance, national settlement, and
capital market services that extend beyond its core states. Visit
huntington.com for more information.
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SOURCE Huntington Bancshares Incorporated