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KEYCORP CONSOLIDATES TRUST SUBSIDIARIES JOHN MASTRIANI PROMOTED TO CHIEF EXECUTIVE OF NEW GROUP

 ALBANY, N.Y., Jan. 4 /PRNewswire/ -- Victor J. Riley, Jr., chairman, president and chief executive officer, has announced the formation of the KeyCorp Trust and Investment Management Group. This new entity replaces KeyCorp's (NYSE: KEY) six existing trust companies with all administration, product development and investment management centralized in Albany.
 John P. Mastriani has been named chief executive officer of the trust group. He joined KeyCorp in 1974 as a management trainee and was assigned to KeyCorp's financial companies in 1976, serving as assistant treasurer of Key Bank Life Insurance. He was appointed president and chief executive officer of Key Bank Life Insurance, Ltd. in 1983 and, additionally, of Key Brokerage Company in 1987. Mastriani will continue as president and chief executive officer of Key Brokerage Company and will serve as chairman of the insurance company.
 Mastriani is a graduate of Union College in Schenectady, N.Y., where he received his bachelor of science degree. Active in the community, he is a director and treasurer of the Albany Police Athletic League and a commissioner of the Grand Eastern Athletic Club. He is also a trustee of the New York State Bankers Association Insurance Group and a frequent speaker at industry conferences.
 Commenting on the consolidation, Riley said, "The restructuring is a direct result of the corporation's desire to develop additional fee income. To this end, the trust area offers a unique opportunity to increase both our non-traditional banking business and our net income. Under John Mastriani's capable leadership, this new group will grow and strengthen our trust business in an efficient manner by concentrating its sales and marketing efforts in the personal trust, investment management and employee benefit products reflecting the needs of our banks' customer base."
 In other officer moves in connection with the trust consolidation, William M. Hunter II and Robert L. Nokes have been named as the regional trust executives to manage the northeast and northwest regions respectively. Betty C. Brady will be responsible for planning, administration and compliance. Hunter has been with KeyCorp since 1977 and was president and chief executive officer of Key Trust Company of Maine since 1988. Nokes held similar positions at both Key Trust Company of the Northwest and Key Trust Company of Alaska. Brady has more than 16 years experience in the trust business, most recently as president and chief executive officer of Key Trust Company of Florida, N.A.
 KeyCorp (NYSE: KEY), with assets over $25 billion, is a multi- regional bank holding company headquartered in Albany, N.Y. It has focused its banking expansion activities in the Northeast and Northwest. As "America's neighborhood bank," KeyCorp pursues a middle-market target concentrating its resources in cities and smaller communities of the northern tier of states, thus avoiding overcrowded marketplaces and single industry loan exposure.
 -0- 1/4/93
 /CONTACT: Lee Irving, 518-486-8579 or 518-479-3273 after hours; or Susan Peterson, 518-486-8258 or 518-587-3008 after hours, both of KeyCorp/
 (KEY)


CO: KeyCorp ST: New York IN: FIN SU: PER

KK -- CL009 -- 1285 01/04/93 11:39 EST
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Publication:PR Newswire
Date:Jan 4, 1993
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