Comerica Adds Ex-JPMorgan Executive Malone for Securities

Comerica Inc. (CMA), a financial-services firm that focuses on middle-market and small businesses, named Michael W. Malone chief executive officer of its securities and insurance units.

Malone, 55, was formerly a managing director and national branch director at JPMorgan Chase & Co.’s securities division, Comerica said today in a statement. He replaces Ross Rogers, who left in January 2013, Kyle Tarrance, a Comerica spokesman, said in an e-mail.

He will be based in Dallas, where Comerica is headquartered, and report to Julia C. Wellborn, executive vice president of wealth management.

Malone’s “ability to grow adviser-related businesses, his customer focus and commitment to excellence will serve Comerica and our clients well,” Wellborn said in the statement.

Malone has a bachelor’s degree in management from Capital University in Columbus, Ohio, and a master’s in management and leadership from the American College in Philadelphia, according to the statement.

To contact the reporter on this story: Alexandria Baca in New York at abaca3@bloomberg.net

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