November 14, 2006

Last Friday, Cincinnati-based Fifth Third Bank ($105.8 billion in assets) announced it hired Raymond Dury as CIO. Dury will be responsible for leading the bank's technological processes, systems developments and e-commerce solutions. As of this writing, he was slated to begin his new role this week.

Dury comes to Fifth Third from Citigroup Technology Infrastructure where he was managing director. While there, he led the North American Technology Infrastructure Group, including core technology systems, data centers, operations, network and voice services, project office and business services.

"We have made significant investments in technology and people over the past few years in order to improve the overall experience of our customers," said Kevin Kabat, president of Fifth Third Bancorp. "The hiring of Raymond is the next step in developing a world-class IT operation."

Dury will report to Greg Carmichael, COO for Fifth Third Bancorp. Carmichael held that position prior to his recent promotion to COO.