Finance & Economy

Real Estate

PNC CEO, Bill Demchak, on the BlackRock sale, forbearance, diversity, and more

July 10, 2020

PNC CEO, Bill Demchak, on the BlackRock sale, forbearance, diversity, and more

Bill Demchak

Chariman, President & CEO of PNC

Bill Demchak, Chairman, President, and CEO of The PNC Financial Services Group offered his insights on this week's Walker Webcast.

Bill Demchak, Chairman, President, and CEO of The PNC Financial Services Group offered his insights on this week's Walker Webcast.

A few highlights from the discussion include:

  • The “why” behind PNC’s decision to sell BlackRock
  • The importance and power of capital during times of uncertainty
  • Forbearance and what it will take for consumers and small businesses to bounce back
  • The reason we, as a nation, are underperforming and underproducing

A bit about each speaker:

Willy Walker
Willy Walker

Willy Walker is Chairman and Chief Executive Officer of Walker & Dunlop. Under Mr. Walker’s leadership, Walker & Dunlop has grown from a small, family-owned business to become one of the largest commercial real estate finance companies in the United States. With a $32B transaction volume in 2019, Walker & Dunlop is ranked top three with Fannie Mae, Freddie Mac, and HUD.

Bill Demchak

Bill Demchak is chairman, president and chief executive officer of The PNC Financial Services Group, one of the largest diversified financial services companies in the United States. Demchak joined PNC in 2002 as chief financial officer. In July 2005, he was named head of PNC's Corporate & Institutional Banking responsible for PNC's middle market and large corporate businesses, as well as capital markets, real estate finance, equity management and leasing. Demchak was promoted to senior vice chairman in 2009 and named head of PNC businesses in August 2010. He was elected president in April 2012, chief executive officer in April 2013 and chairman in April 2014.

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