DALLAS, Feb. 19, 2014 /PRNewswire/ -- Comerica Incorporated today announced that Michael W. Malone has joined the company as Senior Vice President and Chief Executive Officer of Comerica Securities, Inc. and Comerica Insurance Services, Inc. In this role, Malone will be based in Dallas, Texas, home of Comerica's corporate headquarters. The announcement was made by Julia C. Wellborn, Executive Vice President of Wealth Management.

Malone brings to Comerica more than 30 years of experience in growing diverse businesses in private wealth management and brokerage environments. Most recently, he served as managing director and national branch director of JP Morgan Securities in its New York office. Prior to that, he served in management positions of increasing scope and responsibility at Smith Barney and Morgan Stanley in Ohio, Florida and Illinois.

Comerica Securities serves the brokerage needs of individuals, business owners and institutions. Comerica Insurance Services delivers a range of individual and business insurance solutions for clients.

"We look forward to the value that Mike can add to our Wealth Management senior executive team," said Julia C. Wellborn. "His ability to grow advisor related businesses, his customer focus and commitment to excellence will serve Comerica and our clients well."

Malone earned a bachelor's degree in Management from Capital University in Columbus and completed a master's in Management and Leadership from The American College in Philadelphia. He is a Certified Financial Planner and Certified Investment Management Consultant.

About Comerica

Comerica Incorporated (NYSE: CMA) is a financial services company headquartered in Dallas, Texas, and strategically aligned by three business segments: The Business Bank, The Retail Bank, and Wealth Management. Comerica focuses on relationships, and helping people and businesses be successful. In addition to Texas, Comerica Bank locations can be found in Arizona, California, Florida and Michigan, with select businesses operating in several other states, as well as in Canada and Mexico. Comerica reported total assets of $65.2 billion at December 31, 2013. To find us on Facebook, please visit www.facebook.com/ComericaCares. Follow Comerica on Twitter at @ComericaCares and follow Comerica Chief Economist Robert Dye at @Comerica_Econ.

SOURCE Comerica Incorporated