KeyBank Taps Former Union Bank Exec Matt Hill as New Seattle-Area President

Hill replaces outgoing market leader Carol Nelson, who had served in the post since 2015
Updated: Mon, 06/10/2019 - 09:44
 
 
  • Hill replaces outgoing market leader Carol Nelson, who had served in the post since 2015

A past KeyBank executive, Matt Hill, is returning to the lender as the new Seattle-Cascades market president, replacing long-time KeyBank leader Carol Nelson, who retired at the end of May.

Hill most recently served as Pacific Northwest market president of commercial banking at Union Bank. In his past role at KeyBank, Hill served for nearly seven years as the director and managing director of KeyBanc Capital Markets. He has some 25 years of experience in the financial services industry, all of it in the Seattle area, where he first launched his career with U.S. Bancorp.

“We are delighted to have someone of Matt’s caliber join our successful team here in the Seattle market,” says Laurie Muller-Girard, west region commercial banking leader. “As a seasoned corporate banking professional, he has a proven track record of developing strong relationships with the C-suite and is an experienced team leader who will be an asset to his new colleagues here in Seattle. And of course, we are always thrilled to welcome a previous employee back into the fold.”

Hill’s predecessor, Nelson, joined the Cleveland, Ohio-based bank in 2015 after serving as CEO and director of the Washington state Department of Revenue. Prior to that she spent 22 years at Seafirst Bank, a well-known Seattle institution which at one time was the largest bank in the Northwest. Seafirst was acquired by Bank of America in 1983.

Nelson is credited with raising KeyBank’s profile and reinvigorating its brand in the community. She was accountable for the bank’s $3 billion wealth management/private banking business and for sales teams managing $3 billion in loans across Washington, Oregon and Alaska. Seattle Business magazine recently honored Nelson with an Executive Excellence Award for her leadership.

As KeyBank’s new market leader, Hill will continue to oversee KeyBank activities and resources in the market. KeyBank is the fifth-largest in the state by market share, with $11.65 billion in deposits and 154 locations.

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