William S. Demchak

William S. Demchak (born 1963) is a business executive in the finance industry.

Demchak has a Bachelor of Science from Allegheny College and an MBA (with an emphasis in accounting) from the University of Michigan. At Allegheny, he was an Alden Scholar, actively participating in student government, the economics club, the Interfraternity Council, intramural sports, and Lacrosse. In addition, he was a member of the Phi Delta Theta fraternity as well as the Phi Beta Kappa Honor Society.

Before PNC, Demchak held a variety of key executive positions at JP Morgan Chase. This includes: Global Head of Structured Finance and Credit Portfolio, involved in strategic agenda (before the JP Morgan-Chase Manhattan merger), member of the Board of Directors. He says JPMorgan Chase “wasn’t a terribly enjoyable place to work.” He was also a Director of Hilliard Lyons Research Advisors.

In 2002, Demchak first joined PNC as Chief Financial Officer. At that time he worked alongside the then CEO, Jim Rohr. Three years later, he was promoted to head of the company’s Corporate & Institutional Banking, in charge of PNC's middle market and large corporate businesses, capital markets, real estate finance, equity management and leasing. In 2009, Demchak became Senior Vice Chairman and shortly there after Head of PNC Businesses.

William S. Demchak was elected president in April 2012, then chief executive officer in April 2013 and finally chairman in April 2014. In this capacity he is responsible for all of PNC’s businesses, including corporate and institutional banking, retail banking, mortgage banking and the Asset Management Group.

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