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PNC names CEO at Wilmington-based subsidiary

PNC Financial Serviced Group Inc. named Stephen M. Wynne chief executive of its Wilmington-based subsidiary PFPC, which provides transaction processing and other services to the global investment industry.

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PNC Financial Serviced Group Inc. named Stephen M. Wynne chief executive of its Wilmington-based subsidiary PFPC, which provides transaction processing and other services to the global investment industry.

Wynne is succeeding Timothy G. Shack, who will remain chairman of PFPC and chief information officer of PNC, Pittsburgh.

Wynne has been at PFPC for 31 years, the company said. PFPC earned $128 million last year on revenue of $831 million, according to PNC financial statements.