Carole Brown

WORK HISTORY

EDUCATION

ABOUT CAROLE BROWN

Carole L. Brown retired as head of Asset Management Group for The PNC Financial Services Group. In this role, she is responsible for leading PNC’s wealth management and private banking services for high-net-worth and ultra-high-net worth individuals and families, as well as custom investment and advisory solutions for institutional clients.Prior to being named to her current role, Brown was chief change and risk officer for the Asset Management Group (AMG) and Corporate & Institutional Banking (C & IB) businesses. In this role she was responsible for managing overall operational risk framework, coordinating with all business lines to ensure appropriate risk governance and oversight for change initiatives, and maintaining oversight for business risk appetite, key risk indicators, control validation and testing alongside businesses and enterprise testing. Brown also had responsibility for issues management, regulatory capital models, regulatory examinations, policies and procedures, and first line of defense compliance within AMG and C & IB.Prior to joining PNC in August 2019, Brown served as chief financial officer for the City of Chicago under Mayor Rahm Emanuel from May 2015 to May 2019. Brown assumed the role of the CFO when the City of Chicago was entering into the greatest fiscal crisis of its 149-year history. She worked closely with the mayor and his senior management team to develop and implement a series of financial reforms to restore financial stability to the city.