Banker & Tradesman file photo
Despite not having a retail branch in Boston, KeyBank’s new local market president is aiming to grow its roster of commercial banking clients and establish small business banking and private banking groups in the area in the next few years.
Matthew Quinn, the new KeyBank Boston market president, started in November. He joined KeyBank’s commercial banking group in 2016 as a senior relationship manager.
The bank only has six in the Western Massachusetts and Springfield area. And Quinn said the bank is not looking to open retail branches in Boston, but it is reaching out to potential clients in the market through its online commercial banking platform, through the group’s network in the area and with new community engagement activities such as sponsorships and philanthropic work.
“My priority is to get the name of KeyBank to Boston more. We have great brand recognition in other markets like Ohio and upstate New York, but we are not well known in the Boston area. In the future, we are looking at sponsorship opportunities, targeted philanthropic works, causes, and coordination with our commercial banking teams in Boston,” Quinn said.
“Our clients in Boston are in every sector whether consumer products; manufacturing, distribution and logistics; commodity clients; and engineering consultants. The servicing they need are all sophisticated – they want a good technology platform for payments, and that is a big part of their requirements along with cybersecurity. And KeyBank has a large enough balance sheet to lend the money to our client base when they need it,” he added.
Aside from growing its commercial banking activity in the city, Quinn said part of the growth plan for Boston in the next few years is to set up the bank’s small business banking and private banking groups.
Quinn reports to Colin March, KeyBank’s commercial banking leader for Maine, Vermont, New Hampshire and Eastern Massachusetts. Before joining KeyBank, Quinn was in the corporate advisory and banking group of Brown Brothers Harriman in Boston, where he focused on middle-market clients in the healthcare sector, food and beverage industry and privately held manufacturers.
“Matt is a strategic leader and proven commercial banker who provides excellent service to our clients and the Boston community. I am excited to see him earn this next step in his career,” March said in a statement. “He has been instrumental in KeyBank’s commercial business growth in greater Boston and is committed to helping this community thrive. He will be an effective representative of KeyBank’s brand and community commitment in the Boston market.”
Before corporate banking, he worked in the firm’s investor services business as a team leader within the private equity fund accounting team.
