Dive Brief:
- KeyBank CIO Amy Brady left her role Monday and transitioned to a non-executive position “due to personal health considerations,” the Cleveland-based lender disclosed.
- CFO Clark Khayat, will lead the bank’s technology and operations function, CEO Chris Gorman said in a statement Monday, according to American Banker. However, it’s unclear whether Khayat will assume Brady’s duties temporarily or permanently.
- Brady informed KeyBank of her resignation Feb. 24, the lender noted. She will stay on in her new role until May 31 “to assist with the smooth and orderly transition of her duties and responsibilities,” the bank said.
Dive Insight:
As part of her transition agreement, Brady will receive $700,000 in salary continuation after she leaves the nonexecutive role. That’s equal to her most recent annual salary published in KeyBank’s proxy materials.
Brady also will receive her $1.3 million incentive compensation award for the 2026 performance year but will be ineligible for 2027, the bank said.
Brady’s $1.62 million performance-based equity award from Scotiabank’s 2024 investment in KeyBank will continue to vest, and the one-year post-vesting holding requirement for that incentive will be waived, Key disclosed Monday.
“Amy Brady has made the decision to step down from her role … to focus on her health and wellbeing,” Gorman said in a statement. “She does so with the full support of our organization.”
At Key, Brady oversaw a 5,000-person division that encompassed shared services for technology, operations, data, servicing, cyber and physical security and corporate real estate, according to her biography on the bank’s website.
Brady joined KeyBank in 2012 from Bank of America, where she served as CIO for enterprise functions technology and operations, according to her LinkedIn profile.
Brady spent 25 years at BofA, climbing from a banking center manager in the Tampa, Florida, area to a variety of executive roles, including those focused on innovation, technology and, eventually, the transition of Merrill Lynch programs to Bank of America. She also served as chief technology officer for consumer and small-business banking, according to her LinkedIn profile.
Outside of KeyBank, Brady serves on the executive committee of the Bank Policy Institute’s Technology Division. She also serves on the board of directors for chemical conglomerate DuPont, and on the board of trustees for Case Western Reserve University.
