In his expanded role, Mr Gorman will be responsible for Key’s corporate, investment banking, capital markets, commercial real estate and equipment finance businesses. He will report to KeyCorp chairman and CEO Henry Meyer and will be a member of KeyCorp’s management committee.

Mr Gorman, who was previously president of KeyBanc capital markets, was instrumental in integrating Key’s corporate and investment banking businesses. He has 27 years of experience working with large corporations and middle market companies. He joined Key in 1991.

Mr Meyer said: “Mr Gorman’s breadth of experience, business acumen and proven leadership abilities make him ideally suited for this new assignment. We’re fortunate to have the depth of talent here at Key to promote from within to fill this important position.”