On February 26th, 2019, Acta Ventures hosted Casey Totten and Andrew Yancey from PNC for a very informative discussion. Acta Ventures and GTE are closely aligned and both looking to acquire middle market firms. Therefore, they frequently hold joint events to continue the growth of the CMU private equity community. Casey holds a bachelor’s degree in economics from the University of Notre Dame, and his current position at PNC is Relationship Manager. Andrew has a bachelor’s degree in Economics and Business from the Virginia Military Institute, and later went on to complete his MBA at CMU’s very own Tepper School of Business. His current role at PNC is Assistant Vice President of Commercial Banking Strategy.
After a brief introduction and discussion of their backgrounds, Andrew and Casey discussed the various responsibilities of their positions as well as a general overview of how PNC is structured. The pair then used their broad combined knowledge to field and answer questions from Acta and GTE’s intern classes about a variety of topics. They gave very interesting and detailed responses on a number of things such as PNC’s long-term strategies, the influx of new competition from both traditional banks and FinTech firms, new marketing and customer relations innovations, and the various departments housed within the bank.
Casey and Andrew offered the interns invaluable knowledge about working at a large bank and the corporate finance world overall. GTE thanks Casey and Andrew for their time, expertise, and advice.
Acta Ventures can be found at https://www.actaventures.com/