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Management Strategies

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Comerica Bank Appoints New CIO, as well as EVP/National Retail Bank Director

Comerica Bank appoints Paul Obermeyer EVP and CIO, and Dana Drago EVP, National Retail Bank Director.

Paul Obermeyer has been named EVP and Chief Information Officer for Dallas-based Comerica Inc. He succeeds John Beran, a 2009 Bank Systems & Technology Elite 8 executive who retired Jan. 31, 2011, after a 15 year-career with Comerica. Obermeyer is a member of Comerica's Management Policy Committee and reports to Ralph W. Babb Jr., chairman and CEO.

Obermeyer leads the corporation's Service Company division, which includes the Information Services, Enterprise Payments, Commercial Lending Services, Corporate Real Estate & Security, and Administrative Services business units. He has 30 years of experience in the banking industry, including 20 years with Comerica, during which time he was involved in credit underwriting and administration, relationship management, operations management, strategic planning, and technology management. Prior to his current position, Obermeyer was responsible for the Service Company's Enterprise Payments Group.

Obermeyer recently served a two-year term (2005-2006) as chairman of the board of directors of the Electronic Check Clearing House Organization (ECCHO), and most recently served on that organization's executive and personnel committees. He is a member, and immediate past chairman, of the SVPCO business committee, a unit of the Clearing House, and serves on the board of directors of the Clearing House Payments Company.

Comerica also announced that Dana A. Drago has joined the company as EVP, National Retail Bank Director. Drago is responsible for managing Comerica's network of 444 banking centers in Texas, Arizona, California, Florida and Michigan, as well as its customer contact centers. She is a member of the Retail Bank and Wealth Management Executive Leadership team, reporting to Curtis C. Farmer, EVP, The Retail Bank and Wealth & Institutional Management.

Drago joins Comerica with 30 years of experience in the financial services industry, most recently serving as SVP in the Middle Market Commercial Insurance area of Liberty Mutual Insurance. Prior to that, she held a series of assignments at Bank of America, Hartford Financial Services Group and Citizens Financial Group. While at Bank of America, she spent many years leading banking centers in various markets including Northern and Southern California and later, North Carolina, South Carolina and Southern Virginia. She also was named president of the Small Business segment in Charlotte, N.C., and served on the bank's operating committee.

Katherine Burger is Editorial Director of Bank Systems & Technology and Insurance & Technology, members of UBM TechWeb's InformationWeek Financial Services. She assumed leadership of Bank Systems & Technology in 2003 and of Insurance & Technology in 1991. In addition to ... View Full Bio

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