PNC Appoints Amy Wierenga as Next Chief Risk Officer

PNC has named Amy Wierenga as its next chief risk officer, effective Sept. 8. Wierenga will join the lender's executive committee and report to CEO Bill Demchak. She previously served as chief risk officer at alternative asset manager GCM Grosvenor and has nearly a dozen years of experience at BlueMountain Capital Management. Kieran Fallon, who has served as PNC's risk chief since February 2021, will return to the bank's legal department.

PNC Financial Services Group, Inc. has appointed Amy Wierenga as its next chief risk officer, effective September 8, 2025. Wierenga will join PNC's executive committee and report directly to CEO Bill Demchak. She brings extensive experience, having previously served as chief risk officer at alternative asset manager GCM Grosvenor and having nearly a dozen years of experience at BlueMountain Capital Management.

Kieran Fallon, who has been PNC's risk chief since February 2021, will return to the bank's legal department. This change in leadership comes at a time when PNC continues to navigate regulatory requirements, including the Liquidity Coverage Ratio (LCR) and Net Stable Funding Ratio (NSFR) disclosures.

PNC's LCR and NSFR disclosures, as of June 30, 2025, indicate that the company maintained an average LCR of 107% during the second quarter of 2025, exceeding the regulatory minimum of 100%. This reflects PNC's robust liquidity management and compliance with regulatory standards [1].

The appointment of Amy Wierenga underscores PNC's commitment to strengthening its risk management framework and ensuring compliance with evolving regulatory requirements. Her background in risk management at prominent financial institutions positions her well to lead PNC's risk management efforts.

References:

[1] https://www.marketscreener.com/news/pnc-financial-services-2q25-liquidity-coverage-ratio-net-stable-funding-ratio-disclosures-ce7c5ed3d88bff21