Greg Carmichael currently serves as the Executive Chairman of City National Bank, a subsidiary of the Royal Bank of Canada (“RBC”). He will provide dedicated strategic oversight and board governance to CNB as it strengthens its platform for the future as a leading U.S. private and commercial bank.
In March 2023 regulators tapped Carmichael to run the collapsed Signature Bank. The New York based bank was closed by the FDIC and its $110 billion of assets and $88.6 billion of deposits were moved to Signature Bridge Bank to which Carmichael was appointed CEO.
Previously, Greg was the CEO and Executive Chairman of Fifth Third Bank (Nasdaq: FITB,) the ninth-largest U.S. consumer bank. During his time as CEO, he oversaw significant growth in assets to more than $200 billion from $141 billion and built a reputation for a strong focus on customers and leading-edge innovation.
Greg has a deep background in both technology and operations, having served as Chief Operating Officer at 5/3 Bank for nine years, as well as Chief Information Officer from 2003 to 2008. Prior to Fifth Third, Greg was the Global CIO of Emerson Electric (NYSE: EMR) and CIO of subsidiaries of General Electric. (NYSE: GE)
Greg serves on the Board of Directors of Encompass Health (NYSE: ENC) and Dragonfly Financial Technologies (a Hauser Private Equity co-investment.) Mr. Carmichael holds a Bachelor of Computer Science from the University of Dayton, a Master of Science from Central Michigan University, is a member of the Commercial Club of Cincinnati’s Executive Committee, and served as Chair of the 2022-23 Annual Community Campaign for the United Way of Greater Cincinnati.
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