CLEVELAND, Feb. 2, 2012 /PRNewswire/ -- KeyBank announced today that Alfred (Al) Carpetto has joined the bank as executive vice president and head of its Enterprise Commercial Payments Group.  He will be based in Cleveland and report directly to Christopher M. Gorman, president of Key Corporate Bank and chairman and chief executive officer of KeyBank, NA.

As head of enterprise commercial payments, Mr. Carpetto will oversee Key's treasury management, international foreign exchange and institutional asset services businesses.  In this role, he will work closely with Key's Community and Corporate Bank to implement the bank's commercial payments strategy. Additionally, he will play a vital role in the development of the bank's healthcare payments capabilities.

Mr. Carpetto is a banking and financial markets industry veteran with more than 20 years of experience.

"Al possesses a deep understanding of end-to-end financial services operations, technology, product and risk management," said Mr. Gorman.  "This, coupled with his insight into the middle market, will allow Key to continue to provide our clients with a depth of solutions made to meet their needs."

Mr. Carpetto most recently served as head of global transaction services for the Americas at Royal Bank of Scotland (RBS), where he established a strategic direction for driving growth of global transactions with banks and non-financial institutions in the U.S., Canada and Latin America.  Prior to joining RBS, he was a sales executive within the Treasury and Securities Services Group at JPMorgan Chase.  Mr. Carpetto also held leadership positions at Donaldson, Lufkin & Jenrette and Dean Witter Reynolds.

Mr. Carpetto serves on the PayCo Board of The Clearing House.  He earned his bachelor's degree in accounting from St. John's University, and completed executive education courses at the Columbia University and London Business School.  He also holds NASD Security Licenses: Series 24, 7, 63.

About KeyCorp

KeyCorp KEY was organized more than 160 years ago and is headquartered in Cleveland, Ohio.  One of the nation's largest bank-based financial services companies, Key has assets of approximately $89 billion. 

Key provides deposit, lending, cash management and investment services to individuals and small businesses in 14 states under the name of KeyBank N.A. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.

For more information, visit https://www.key.com/. KeyBank is Member FDIC.

SOURCE KeyCorp