KeyCorp promotes Victor Alexander to head of consumer banking

KeyCorp in Cleveland said Tuesday that Victor Alexander, its head of mortgage lending, has been promoted to head of consumer banking.

In the role, Alexander will oversee retail, consumer lending and deposits, business banking, small business, home lending and wealth management for the $145 billion-asset Key. He will also be a member of the executive leadership team.

Alexander replaces Dennis Devine, who held the job for about seven years and recently left the company.

“Victor brings a passion for delivering for our clients and has played an instrumental role in the growth that Key has experienced throughout his tenure," Chair and CEO Beth Mooney said in a press release.

Alexander joined KeyCorp in 2000, and the bank said he played an important role in its 2016 purchase of First Niagara in Buffalo, N.Y., the largest in the company’s history. At that time, he led Key’s corporate strategy team and was in charge of mergers and acquisitions and strategic investments. After the First Niagara deal was announced, Alexander co-led the merger integration team.

More recently, Alexander was Key’s head of home lending and in that role oversaw a 4% increase in residential loans held on the balance sheet, to $17.3 billion.

From 2017 through 2018, he also held the role of corporate treasurer, where he managed capital, liquidity, interest rate risk, funding and balance sheet management strategies.