Bill Demchak Bio | Wiki
Bill Demchak is a well-known American business executive in the finance industry. Currently, he is working as CEO of PNC Financial Services. He is one of the earliest adopters of the credit default swap, especially the creation of markets around them which earned him the “prince of darkness” in the Financial crisis of 2007–2008.
Bill Demchak Age
He was born in Pittsburgh, Pennsylvania, in the United States on August 24, 1963. Demchak is 60 years old and celebrates his birthday every year on August 24.
Bill Demchak Height
He is a man of average stature. Demchak stands at a height of 5 ft 8 in ( approx. 1.73m ).
Bill Demchak Family
He was born to his devoted parents in Pittsburgh, Pennsylvania, in the United States. Demchak holds American nationality. His parents initially resided in Chicago before moving the family in Pittsburgh in the 1970s. He is a secretive person who has not shared information regarding his parents to the public. Thus, information regarding his parent’s names and whereabouts remain unknown. However, was born and raised and still today, lives in Pittsburgh.
Bill Demchak Wife
He is married to his wife Debbie Kline Demchak. Debbie is a former J.P. Morgan Chase executive who was born in Pittsburgh and grew up in Florida. She is a graduate of Smith College. She also worked as Vice President of Institutional Fixed Income Sales at J.P. Morgan Chase as she moved to New York. In addition, she serves on the board of Bethlehem Haven and volunteers for the parent’s association at her children’s school. Demchak and Debbie are parents of three children.
Bill Demchak Education
Upon attaining his high school diploma, he joined Allegheny College where he attained his bachelor’s degree. During his time, he was an Alden Scholar, actively participating in student government, the economics club, the Interfraternity Council, intramural sports, and Lacrosse. Moreover, he was a member of the Phi Delta Theta fraternity as well as the Phi Beta Kappa Honor Society. Demchack later earned an MBA (with an emphasis in accounting) from the University of Michigan.
Bill Demchak House
He resides in Pittsburg after relocating from New York with his family in 2002. Demchack and his family first lived in a rented home until their newly acquired home was renovated by Nahem. The couple purchased a 1924 limestone mansion in the Squirrel Hill section of town.
Bill Demchak Prince Of Darkness
Demchak has earned the nickname “prince of darkness” as he is often credited with being the first major adopter of the credit default swap. He also had a conceiving idea of bundling them together and selling them to investors, which is accredited with being one of the main factors in the Financial crisis of 2007–2008.
Bill Demchak Pnc
Demchak first joined PNC as chief financial officer in 2002 where he worked with the then CEO, Jim Rohr. After three years, he became the head of the company’s Corporate & Institutional Banking. He was in charge of PNC’s middle market and large corporate businesses, capital markets, real estate finance, equity management, and leasing. Moreover, he then became Senior Vice Chairman in 2009 and shortly thereafter head of PNC Businesses.
In April 2012, he was elected president and then CEO in April 2013. After one year, he was named as chairman. He is responsible for all of PNC’s businesses, including corporate and institutional banking, retail banking, mortgage banking, and the Asset Management Group. Furthermore, his total calculated compensation for the 2014 fiscal year was $11,337,904. In addition, he formerly sat on the Regulatory Management Committee of The Financial Services Roundtable, the Supervisory Board of The Clearing House, and the Allegheny Conference on Community Development.
Bill Demchak Salary
As the CEO, chairman, and President of PNC Financial Services Group, Demchak receives $1,200,000 as a salary made from $19,473,490 total compensation.
Bill Demchak Net Worth
Demchak is a well-known American business executive in the finance industry who through his work has enabled him to attain a decent fortune. His net worth is $110 Million.
How Old Is Bill Demchak
He is 60 years old born in Pittsburgh, Pennsylvania, in the United States on August 24, 1963.
Who Is Bill Demchack
Demchak is a 60-year-old American business executive in the finance industry. Currently, he is working as CEO of PNC Financial Services. He is one of the earliest adopters of the credit default swap, especially the creation of markets around them which earned him the “prince of darkness” in the Financial crisis of 2007–2008.
How Much Does Bill Demchak Make
As the CEO, chairman, and President of PNC Financial Services Group, Demchak made $19,473,490 in total compensation. The compensation is made up of $1,200,000 as a salary, $3,050,000 as a bonus, $15,000,015 as stock, and $223,475 came from other types of compensation.