PNC Financial Services Group Appoints Mark Wiedman as President

PNC Financial Services Group has appointed Mark Wiedman as President of the group, effective 7 April 2025. Wiedman simultaneously assumed the role of President of PNC Bank N.A., the group's principal banking subsidiary, in an appointment made unanimously by the PNC Board of Directors on 3 April and announced in a press release published by the group.

Wiedman joins PNC from BlackRock, where he was a senior managing director and member of the Global Executive Committee, most recently heading the Global Client Business responsible for BlackRock's $11 trillion in commercial relationships, partnerships and joint ventures; he previously served as Global Head of iShares and Index Investments. iShares grew under his leadership from $500 billion to $1.7 trillion in assets.

CAREER AT BLACKROCK

At BlackRock, Wiedman ran the iShares and Index Investments business from 2011 to 2019, served as Head of International and of Corporate Strategy from 2019 to 2022, and from 2023 led the Global Client Business, which covered the firm's relationships with financial institutions and investors worldwide.

APPOINTMENT AND REPORTING LINES

Wiedman's appointment was formalised through filings with the Securities and Exchange Commission on 7 April 2025, in addition to the public press release issued by the group. Wiedman reports to Chairman and Chief Executive Officer William S. Demchak, and PNC's primary operating lines of business and its Regional Presidents Office report to Wiedman.