Submitted by: Comerica Bank
Categories: Human Resources & Diversity
Posted: Mar 07, 2002 – 11:00 PM EST
Comerica (NYSE:CMA), a leading financial services company, announced today that Susan Gill has been named president of the bank's Technology and Life Sciences Division, succeeding Richard Casey. Casey will remain with Comerica, focusing his efforts on various strategic initiatives within the division, including customer connectivity, creating new products and services, and exploring various means of leveraging the customer network.
Casey will continue to be responsible for Comerica Ventures and Comerica Capital Advisors, which make strategic and equity partnership investments, and Jim Rutter, president, will report to him. Casey will continue to report to Joseph J. Buttigieg III, vice chairman of Comerica's Business Bank.
Gill, who has more than 20 years of banking and finance experience, formerly was senior vice president and chief credit officer of the Technology and Life Sciences Division. In her new role, she will report to Mike Fulton, president, Comerica Bank -- California.
"These are challenging and exciting days for a banking practice focused on working with both early-stage and later-stage technology companies," Gill said. "I look forward to building on the Technology and Life Sciences Division's current successes and increasing its market share across the country."
In addition, David Stearns has been named executive vice president and manager of the Western District of the Technology and Life Sciences Division and will report directly to Gill. The Western District has offices in California, Washington, Oregon, Arizona, Colorado and Texas. Stearns is charged with increasing the division's market penetration in the western U.S.
"Comerica is committed to having a strong presence in the technology banking arena and we believe that under Susan Gill's leadership, the Technology and Life Sciences Division will flourish," Fulton said. "The skills and experience of Richard Casey and David Stearns will also be invaluable as we grow this practice nationwide."
Comerica's Technology and Life Sciences Division is one of the nation's leading technology banking practices, offering a wide range of financial services tailored to corporate customers, entrepreneurs and professionals. Veteran bankers provide credit and financial services and products to young, growing, professionally backed technology and life sciences companies, as well as their more mature counterparts in the computer products, Internet services, telecommunications, life sciences and e-commerce industries. From 19 offices located across the U.S., Comerica's Technology and Life Sciences Division serves all major technology centers. Comerica is the 17th largest banking company in the nation, with $51 billion in assets. For more information, visit www.comerica.com.
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