Mark Wiedman Joins PNC As President

Core Insights - PNC Financial Services Group has appointed Mark Wiedman as president, effective immediately, to enhance growth and leadership [1][2] - Wiedman will report directly to PNC's Chairman and CEO, William S. Demchak, and will oversee the bank's primary operating lines and the Regional Presidents Office [2] Leadership and Experience - Mark Wiedman brings extensive experience from BlackRock, where he was a senior managing director and a member of the Global Executive Committee, focusing on organic growth and business transformation [4] - At BlackRock, Wiedman managed the Global Client Business, overseeing $11 trillion in commercial relationships and previously led the growth of iShares from$500 billion to $1.7 trillion [5] Strategic Vision - PNC is pursuing a growth-focused strategy supported by strategic investments and disciplined execution, aiming to strengthen customer relationships and achieve positive operating leverage [3] - The bank plans to expand its client base through diversified products and services, leveraging technology for enhanced service and security, and increasing brand awareness [3][6] Industry Context - The banking landscape is rapidly evolving, and PNC aims to adapt by understanding customer needs and technological advancements to maintain a competitive edge [6] - PNC is recognized as one of the largest diversified financial services institutions in the U.S., offering a wide range of banking and financial services [6]