DALLAS, June 7, 2016 /PRNewswire/ -- Sangy Vatsa has been named executive vice
president and chief technology officer (CTO) for Comerica Bank,
succeeding George Surdu, executive
vice president and CTO, who plans to retire this fall after more
than 10 years with Comerica and 40 years in the field of
information technology. Vatsa reports to Paul Obermeyer, executive vice president and
Chief Information Officer, and is responsible for leading the
bank's information technology.
"Sangy's extensive experience in customer service-focused
technology makes him the perfect choice to lead our information
technology team," explained Obermeyer. "While George has been a
tremendous positive influence on the Service Company and will be
missed, I'm confident that Sangy will continue to build on the
improvements we've made to our bank's technology infrastructure and
the modernization of our application portfolio. With his global
experience, Sangy is also the right choice to oversee our efforts
to address new risks and threats as they emerge in the
cybersecurity environment."
"The opportunity to help drive technology-driven transformation
for Comerica was an important factor in my decision to join the
bank," explained Vatsa. "I'm excited to lead the information
technology team and to partner with line of business leaders in
co-shaping customer-centric products and services."
Vatsa joined Comerica from The American Express Company where he
served as the Chief Information Officer for global customer
service, credit, collections and payments issuance. Vatsa has more
than 26 years of experience in information technology. Since
joining American Express in 2006, he served in leadership roles for
IT Strategy, Architecture and Innovation, Enterprise Shared
Services and Delivery, Global Business Travel and Corporate
Payments Digital Capabilities. Prior to American Express, he spent
13 years with Ford Motor Company.
Vatsa holds a bachelor's degree from Delhi College of Engineering, a master's
degree in business administration from the University of Michigan, and a master's degree in
computer and information systems from Cleveland State University. He has served on a
variety of boards including Intel Enterprise Board of Advisors,
Boys and Girls Club of Greater Scottsdale and the Microsoft
Interoperability Council and the Arizona Technology Council.
Comerica Incorporated (NYSE: CMA) is a financial services
company headquartered in Dallas,
Texas, and strategically aligned by three business segments:
The Business Bank, The Retail Bank, and Wealth Management. Comerica
focuses on relationships, and helping people and businesses be
successful. In addition to Texas,
Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in
several other states, as well as in Canada and Mexico. Comerica reported total assets of
$69.0 billion at March 31, 2016.
NOTE TO EDITORS: Sangy
Vatsa will be based in Auburn
Hills, Michigan.
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SOURCE Comerica Incorporated