Sangy Vatsa named Chief Technology Officer (CTO) for Comerica

George Surdu, Executive Vice President and CTO, to Retire this Fall

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Jun 07, 2016, 10:30 ET

DALLAS, June 7, 2016 /PRNewswire/ -- Sangy Vatsa has been named executive vice president and chief technology officer (CTO) for Comerica Bank, succeeding George Surdu, executive vice president and CTO, who plans to retire this fall after more than 10 years with Comerica and 40 years in the field of information technology. Vatsa reports to Paul Obermeyer, executive vice president and Chief Information Officer, and is responsible for leading the bank's information technology.

Sangy Vatsa has been named executive vice president and chief technology officer for Comerica Bank.

"Sangy's extensive experience in customer service-focused technology makes him the perfect choice to lead our information technology team," explained Obermeyer. "While George has been a tremendous positive influence on the Service Company and will be missed, I'm confident that Sangy will continue to build on the improvements we've made to our bank's technology infrastructure and the modernization of our application portfolio. With his global experience, Sangy is also the right choice to oversee our efforts to address new risks and threats as they emerge in the cybersecurity environment."

"The opportunity to help drive technology-driven transformation for Comerica was an important factor in my decision to join the bank," explained Vatsa. "I'm excited to lead the information technology team and to partner with line of business leaders in co-shaping customer-centric products and services."

Vatsa joined Comerica from The American Express Company where he served as the Chief Information Officer for global customer service, credit, collections and payments issuance. Vatsa has more than 26 years of experience in information technology. Since joining American Express in 2006, he served in leadership roles for IT Strategy, Architecture and Innovation, Enterprise Shared Services and Delivery, Global Business Travel and Corporate Payments Digital Capabilities. Prior to American Express, he spent 13 years with Ford Motor Company.

Vatsa holds a bachelor's degree from Delhi College of Engineering, a master's degree in business administration from the University of Michigan, and a master's degree in computer and information systems from Cleveland State University. He has served on a variety of boards including Intel Enterprise Board of Advisors, Boys and Girls Club of Greater Scottsdale and the Microsoft Interoperability Council and the Arizona Technology Council.

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $69.0 billion at March 31, 2016.

NOTE TO EDITORS: Sangy Vatsa will be based in Auburn Hills, Michigan.

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SOURCE Comerica Incorporated