- Whitney Ellis 513.534.6791
Peter Mack Named to the BAFT Board of Directors
Peter Mack, vice president and managing director of trade finance and correspondent banking at Fifth Third Bank, was recently elected to the Bankers’ Association for Finance and Trade (BAFT) board of directors. He was elected to a one-year term at the BAFT board of directors meeting in Washington, D.C.
“We are very pleased to have Peter as a BAFT board member,” said Rebecca Morter, executive director of BAFT. “His leadership and experience will be a great asset to BAFT and its membership.”
BAFT represents financial institutions active in regional and global trade, payments, cross-border financing and other commercial areas. Mack is currently one of 21 people throughout the world serving on this board.
“I look forward to working with BAFT to support the industry and expand opportunities for the global payments and trade community,” said Mack. “The organization is in the middle of a strategic refocusing of its efforts and this is an exciting time to be involved.”
In his position at Fifth Third Bank, Mack is responsible for several departments within the International Banking group including Trade Services, Structured Trade Finance and Correspondent Banking for Non-U.S. Financial Institutions. He has been with the Bank for 20 years and holds a bachelor’s degree in Business Administration from Emory University in Atlanta, Ga.
The Bankers' Association for Finance and Trade is a financial trade association whose membership represents a broad range of internationally active financial institutions and companies that provide important services to the global payments and trade community. BAFT serves as a forum for analysis, discussion and action among international financial professionals on a wide range of topics affecting international trade and finance, including legislative/regulatory issues. Because of its global focus and broad membership, BAFT plays a unique role in expanding markets worldwide, shaping public policy, and promoting practices that preserve the safety and soundness of the international financial system. BAFT was founded in 1921 and became an affiliate of the American Bankers Association in July of 2002. The association’s website is http://www.baft.org.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $115 billion in assets, operates 18 affiliates with 1,291 full-service Banking Centers, including 97 Bank Mart locations open seven days a week inside select grocery stores and 2,324 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Missouri, Georgia and North Carolina. Fifth Third operates five main businesses: Commercial Banking, Branch Banking, Consumer Lending, Investment Advisors and Fifth Third Processing Solutions. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2008, has $207 billion in assets under care, of which it managed $31 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third's common stock is traded through the NASDAQ(R) National Global Select Market System under the symbol "FITB."