Fifth Third Bancorp announced the appointment of Jamie Leonard as chief financial officer. The company also named Bob Shaffer as chief risk officer, to succeed Leonard, and Peg Jula as chief human resources officer, succeeding Shaffer.
Leonard, who joined Fifth Third in 1999 and was named chief risk officer just earlier this year, has previously led bank-wide initiatives for managing risk and sustaining a strong risk culture. He has had oversight of all critical risk functions and responsibility for the bank’s governance and strategy for risk management, including relationships with key regulatory agencies. Leonard previously served as Fifth Third’s treasurer, overseeing the bank’s investment portfolio, funding and liquidity, capital management, and investor relations. He will continue to report to Chairman and CEO Greg Carmichael in his new role.
Leonard replaces Tayfun Tuzun, who will be assuming the role of chief financial officer at BMO Financial Group.
Shaffer had served as the bank’s chief human resources officer since 2017 and nearly a decade as chief auditor, beginning in 2007. Before joining the bank in 2002, Shaffer was a partner in Andersen’s Business Advisory Practice in Chicago, where he specialized in the audit of public companies in the financial services industry.