William S. Demchak is vice chairman and head of Corporate & Institutional Banking for The PNC Financial Services Group. He is responsible for PNC's middle market and large corporate businesses, as well as capital markets, real estate finance, equity management and leasing. Demchak also leads the company's asset and liability management function. In addition, he is a director of BlackRock, Inc.
Before joining PNC in 2002, he served as the global head of Structured Finance and Credit Portfolio for JP Morgan Chase. Demchak also held key leadership roles at JP Morgan prior to its merger with the Chase Manhattan Corporation in 2000. He was actively involved in developing JP Morgan's strategic agenda, and was a member of the company's capital and credit risk committees. He was named head of PNC's Corporate & Institutional Banking in July 2005.
Demchak is a member of The Financial Services Roundtable and serves on the Regulatory Management Committee. He is a board member and chairman of the Greater Pittsburgh Council of the Boy Scouts of America. In addition, he serves on the board of directors of the YMCA of Pittsburgh and the Blue Mountain Credit Alternatives Ltd.
Demchak received a bachelor of science degree from Allegheny College and earned an MBA with an emphasis in accounting from the University of Michigan.more » « less