His new role covers a business that serves mass-affluent, high net worth and ultra-HNW individuals.

Cleveland-headquartered KeyCorp has appointed Joe Skarda as president of KeyBank Wealth Management. 

Skarda will be responsible for the developing and carrying out Key’s wealth management business strategy. He will be based in Chicago and report to Victor Alexander, head of consumer banking at Key. 

Skarda takes over from Terry Jenkins, who retired from his position as president of Key Private Bank in March. Skarda is taking an expanded role and will run Key Private Bank, Key Family Wealth as well as the mass affluent segment/business, a spokesperson told Family Wealth Report.

With nearly 20 years of wealth management and banking industry experience, Skarda previously held roles at JP Morgan Chase, serving most recently as a managing director and head of the bank’s US wealth management Central Division.

His new role covers a business that serves mass-affluent, high net worth and ultra-HNW individuals.

For clarity, the firm said Gary Poth is still the executive managing director of Key Family Wealth.

Key Private Bank has $45.2 billion in AUM as of the end of March.