Coamerica, a Texas-based firm offering wealth management services, has named Megan Crespi as the executive vice president and chief enterprise technology & operations services officer.

Crespi will assume the new responsibility on the 23rd of this month.

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He will replace Paul Obermeyer who will retire this September after holding this position since 2010.

Crespi most recently worked as the chief technology officer at Ally Financial.

Her tenure at Ally began in 2009, where she supported various functions such as the Ally Dealer Financial Services Consumer Credit, SmartAuction, as well as Sales Performance and Dealer Online Services.

Earlier, she had stints at PwC, MicroStrategy, and General Motors.

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In the new role, Crespi will report to Coamerica chairman, president and CEO Curt Farmer.

Farmer stated: “Megan is an innovative technology leader who is focused on operational excellence. It is these qualities, combined with her 20 years of experience, that make her an ideal fit for this critical role.

“Paul’s leadership has been invaluable. He has streamlined our operations and continually modernised our technologies, embracing a new standard of quality in design and functionality at Comerica.”

The latest appointment comes shortly after Comerica hired Greg Carr from Wells Fargo Private Bank to serve as its executive vice president for Wealth Management.

Apart from Wealth Management, Comerica has The Business Bank and The Retail Bank business segments.

At the end of December 2019, Comerica managed $73bn in assets.