Timothy G. Shack to Remain PFPC Chairman and PNC CIO
PITTSBURGH, March 5 /PRNewswire-FirstCall/ -- The PNC Financial
Services Group, Inc. (NYSE: PNC) announced today that Stephen M. Wynne has
been elected chief executive officer (CEO) of PFPC, PNC's provider of
global investment services. Timothy G. Shack will remain chairman of the
PFPC board, working closely with management on strategic business
initiatives, technology advances and client relations. Shack will also
continue to serve as PNC chief information officer.
A 31-year PFPC veteran, Wynne has been president of PFPC since 2005. As
CEO, he will be responsible for leading PFPC's delivery of information- and
transaction-based services to an international client base.
"Throughout his tenure, Steve Wynne has helped guide PFPC's global
expansion and business growth," said James E. Rohr, chairman and chief
executive officer, PNC. "His deep industry expertise and knowledge make him
well suited to lead PFPC's continuing transformation. Through the recent
addition of business intelligence services and the opening of new European
offices, PFPC is able to provide a broad range of clients with solutions
that span the investment continuum."
Prior to being named president, Wynne served as executive vice
president and chief operating officer of PFPC Worldwide Inc. In that role
he oversaw and directed securities services, offshore services, the sales
division and client relationship management. He is a member of the PFPC
Operating Committee and a member of the board of directors of PFPC
Worldwide Inc., PFPC Inc., PFPC Trust Company, PFPC Corp. and PFPC
International (Ireland) Ltd.
Wynne is coauthor of the college textbook, Fundamentals of Mutual Fund
Accounting, taught in colleges and universities in the United States and
Europe. As an adjunct professor at Widener University, he teaches an MBA
level mutual fund industry class. He is also a member of the Professional
and Academic Advisory Board of Widener University's School of Business
Administration and the Board of Accounting and Taxation. In 2005, Wynne was
awarded Source Media's 1st Place Fund Operations Award for Leadership. He
holds a bachelor of science degree in accounting from Widener University.
PFPC, a member of The PNC Financial Services Group, Inc., is a leading
provider of processing, technology and business solutions to the global
investment industry. PFPC offers subaccounting, transfer agency, managed
account, alternative investment, fund accounting, administration and
custody services, representing over $2.5 trillion in total assets. Visit us
at http://www.pfpc.com.
The PNC Financial Services Group, Inc. (http://www.pnc.com) is one of the
nation's largest diversified financial services organizations providing
retail and business banking; specialized services for corporations and
government entities, including corporate banking, real estate finance and
asset-based lending; wealth management; asset management and global fund
services.
SOURCE The PNC Financial Services Group, Inc.
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Related links:
http://www.pnc.com
http://www.pfpc.com
http://www.prnewswire.com/comp/701257.html /
CONTACT:
Media, Rob Tacey, +1-302-791-2859,
robert.tacey@pfpc.com, or Investors, William H. Callihan,
+1-412-762-8257, investor.relations@pnc.com, both of The PNC
Financial Services Group, Inc.
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