KeyBank has appointed Mike Keane as Chief Operating Officer of Key Wealth, effective October 1, 2026, bringing in a financial services executive with more than 25 years of experience across wealth management, brokerage and banking.
Keane will report to Joe Skarda, Head of Key Wealth, and will lead the integrated delivery of the business’s financial planning, investment, fiduciary and banking capabilities.
He succeeds Joe Calabrese, who plans to retire later in 2026. Calabrese will remain with KeyBank through the end of the year to support the leadership transition.
Keane joins Key Wealth from Wilmington Trust, M&T Bank’s wealth management division, where he most recently served as Chief Operating Officer.
At Wilmington Trust, Keane led growth, modernization and operational initiatives designed to improve both client and adviser experiences.
Based in Baltimore, Keane will help oversee Key Wealth’s operating strategy as the business continues integrating its wealth management capabilities and pursuing additional growth.
He holds a Bachelor of Science in Finance and an MBA from the University at Buffalo and has completed executive education programs at Harvard Law School and the University of Michigan Ross School of Business.
Calabrese has worked in wealth management for more than three decades and joined Key Wealth in 2016. During his tenure, he helped develop the organization’s growth strategy, operating model and client experience capabilities and supported several strategic initiatives across the wealth business.
KeyCorp, the parent company of KeyBank, had approximately $191 billion in assets as of June 30, 2026. The Cleveland-based company operates approximately 950 branches and 1,200 ATMs across 15 states.
KEY QUOTES:
“Mike is a proven financial services leader with deep experience driving growth, modernizing operating models, and building high-performing teams. His track record of leading transformation across wealth management and banking makes him exceptionally well suited to help guide the next chapter of our business. We are excited to welcome Mike to Key Wealth and look forward to the leadership, insight, and energy he brings to the organization.”
“Joe’s contributions to Key Wealth and the broader wealth management industry have been extraordinary. We are grateful for his leadership, partnership, and lasting impact on our organization. We look forward to celebrating his many accomplishments in the months ahead while ensuring a seamless transition to Mike’s leadership.”
Joe Skarda, Head of Key Wealth
“Key Wealth has a strong reputation for delivering comprehensive advice and personalized service to clients, and I’m honored to join the organization at such an exciting time. I look forward to partnering with Joe, the Wealth leadership team, and colleagues across the bank to build on the strong foundation already in place and continue driving growth and innovation for our clients and advisors.”
Mike Keane, Chief Operating Officer of Key Wealth
