USAA has announced that Jeff Wallace, the firm’s current Chief Financial Officer (CFO), will take on a new role as Chief Audit Executive. Brett Seybold, who is currently the Senior Vice President and Senior Financial Officer for USAA’s property and casualty business, will replace Wallace as CFO.
Throughout his 30-year-long career, Wallace has held leadership positions with a variety of large financial institutions.
He joined USAA four years ago from Bank of America, where he served as the Chief Financial Officer of the Consumer Banking and Global Wealth and Investment Management businesses.
As USAA’s CFO, Wallace reportedly led the firm through the challenging post-pandemic financial environment, ensuring the association’s financial strength and ability to continue to serve members well.
With Wallace now transferring to Chief Audit Executive, Brett Seybold, a 20-year USAA employee, is set to take over as CFO after previously serving as the company’s Treasurer.
Seybold previously led the team that created USAA’s Transformation Office, setting into motion several initiatives that are said to be delivering financial value and enabling the association to provide better, more personalised service, products and advice to members in the coming years.
Wayne Peacock, USAA president and CEO, commented, “As we transform the association to meet our members’ evolving needs, we’re putting key leaders and capabilities in place to continue serving well today and into the future. Jeff and Brett continue to demonstrate a deep commitment to our mission while delivering strong results for our membership.”
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