PNC Bank announced the appointment of Utah native and PNC veteran Gavin Young as regional president and head of Corporate Banking for Utah. Young, who has 24 years of experience in capital markets and corporate banking at PNC, returns home to Salt Lake City for the new role.
As regional president, Young will oversee business development, lead local delivery of PNC’s cross line of business capabilities, build and maintain new and existing client relationships, and lead philanthropic and community initiatives in support of the market. This includes PNC Grow Up Great®, PNC’s signature philanthropic initiative focused on increasing access to high-quality early childhood education. Utah marks the 53rd market in which PNC has added its regional president model, significantly growing its national presence in recent years to span coast to coast.
“Utah is a market with enormous economic growth opportunity,” said Dale Klose, PNC Office of the Regional Presidents Southwest and Mountain territory executive. “Gavin brings decades of experience and a deep appreciation for the region. He looks forward to serving the local business community through delivery of PNC’s robust corporate banking products and services, as well as our commitment to community investment.”
Young is currently managing director in PNC’s Debt Capital Markets group in Charlotte, where he and his team have been responsible for originating, structuring and distributing syndicated loan transactions for middle market, leveraged and investment grade clients in various industries. He began his banking career in 2001 as an associate in the management development program and served as a relationship manager in a leveraged finance group. He joined the Loan Syndications Group within PNC Debt Capital Markets in 2005, then opened its Charlotte office in 2012.
In his dual role as head of PNC Corporate Banking for Utah, Young will lead and grow an existing team of seasoned relationship managers responsible for capitalizing on the state’s diverse business opportunities among businesses and organizations with annual revenues above $50 million.
“Utah is one of the fastest-growing states in the nation, with a strong business community that is dynamic and innovative,” said Beth Karlson, PNC Corporate Banking regional executive for the West. “With Gavin’s expertise and leadership, he is poised to make a significant impact as he builds on the strong foundation laid by the existing team to support the growth and success of Utah businesses.”
Young has a Bachelor of Science in communications from the University of Utah and a Master of Business Administration from The College of William & Mary Graduate School of Business with a finance concentration.
PNC Bank, National Association, is a member of The PNC Financial Services Group, Inc. (NYSE: PNC). PNC is one of the largest diversified financial services institutions in the United States, organized around its customers and communities for strong relationships and local delivery of retail and business banking including a full range of lending products; specialized services for corporations and government entities, including corporate banking, real estate finance and asset-based lending; wealth management and asset management. For information about PNC, visit www.pnc.com.
CONTACT:
Heidi Hurst
(602) 603-7022