Amy Brady, KeyCorp’s longtime CIO, resigns from the bank

• Key insight: One of KeyCorp’s top executives has resigned from the bank, citing “personal health considerations,” according to a securities filing on Monday.
• What’s at stake: The bank’s chief financial officer will lead technology and operations in the wake of Amy Brady’s departure, CEO Chris Gorman said in a statement.
• Forward look: Gorman did not say if Khayat’s expanded duties are temporary or permanent.

Amy Brady, one of the leading executives at KeyCorp , has resigned from her position as chief information officer, the Cleveland-based bank disclosed Monday afternoon in a securities filing.

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Brady, 59, informed the bank’s board seven days ago that she would resign as of Monday due to “personal health considerations,” the filing said.

As part of the resignation, Brady and the company have agreed that she will remain employed by Key as a non-executive employee through May 31 “to assist with the smooth and orderly transition of her duties and responsibilities,” the filing said.

Clark Khayat, who is Key’s chief financial officer, will lead the bank’s technology and operations function, Key CEO Chris Gorman said in a statement Monday evening to American Banker. The company did not specify whether Khayat would take on the duties on an interim or permanent basis.

“Amy Brady has made the decision to step down from her role … to focus on her health and wellbeing,” Gorman said. “She does so with the full support of our organization.”

Brady was hired in 2012 to serve as Key’s chief information officer. In that role, she has overseen technology, operations, data, servicing, cyber and physical security, and corporate real estate, according to her biography on Key’s website.

Prior to joining KeyBank’s $184.4 billion-asset parent company, she was the chief information officer, enterprise technology and operations, at Bank of America. She began her career at BofA in 1987 as a “banking center manager,” according to her biography.

Brady has appeared on American Banker’s Most Powerful Women in Banking annual rankings every year since 2016. In 2025, she was No. 12 on the list. As Key’s chief information officer, she oversaw about 4,500 employees and managed a budget of more than $1 billion.

Brady is an executive committee member of the Bank Policy Institute’s technology division, and she serves on the board of trustees for Case Western Reserve University, according to her bio. Since 2019, she has been a director at the speciality solutions company DuPont, where she serves on the audit and environment, health, safety and sustainability committees.

Under the terms of her resignation, Brady will “be entitled to receive salary continuation” for one year following the resignation date, as well as “the company’s standard health and welfare benefit plans” for the same period, the securities filing said.

Brady’s 2024 salary was $700,000, while her overall compensation package was worth $3.4 million, according to Key’s most recent proxy statement.

In addition, Brady will be eligible to receive an incentive compensation award for the 2026 performance year, and she will remain entitled to the special, $1.62 million performance-based equity award granted to her and other Key executives in late 2024, following the completion of the Bank of Nova Scotia’s minority-stake investment in KeyCorp, according to the filing.