Lori McCaffrey is a multifaceted executive whose essence can be encapsulated in three key words: finance, family, and faith. As KeyBank's Market President in Alaska, McCaffrey has a long, accomplished banking career. She began working in banking in 1979 at Mellon Bank in her hometown of Pittsburgh and joined KeyBank in 1995 as a commercial lender. Being the daughter of a banker, one might say banking is in McCaffrey's blood. From Pittsburgh, she moved to Montana and worked for a small community bank in Bozeman. She was later provided a unique opportunity to assist in the initial startup of a bank in Big Sky, Montana. She was a member of its senior management team, assisting in the capital raise, charter applications, risk management infrastructure, and implementation of safe and sound manner of operations ensuring regulatory compliance.
In Alaska, McCaffrey's industry expertise and leadership skills have continually propelled her forward, elevating her from the positions of senior lender, commercial banking team leader, and interim leader of Key's Alaska private banking group. In 2015, she assumed the helm of KeyBank after her predecessor, Brian Nerland, retired. Today, the down-to-earth, results-focused McCaffrey successfully manages the commercial bank and provides market oversight of the Private Bank and Retail lines of business and its fifteen branches, nineteen ATMs, and 118 employees in Alaska.
Over the years, McCaffrey has garnered a string of honors for her fruitful efforts, including Key's Chairman's Award, Signature Circle, and Extraordinary Leadership Award. In addition to being a consummate business leader, she is also an active community volunteer who supports a variety of causes.
McCaffrey recently spoke with Alaska Business about a range of topics, from banking to community service to her personal interests. We welcome you to meet Lori McCaffrey:
What attracted you to your current position as president of the Alaska market for KeyBank?
The opportunity to be a part of and lead a very engaged workforce and best in class talent while serving our clients' needs. I can't underscore enough the importance of a great team and having the privilege of working with such a talented and driven workforce. The partnership and collaboration with so many at Key is invaluable and a differentiator in our success.
When you joined the bank more than twenty years ago, did you envision yourself becoming president of the Alaska market?
No, but my...