Robert Reilly has been appointed as chief financial officer of PNC Financial Services Group, with effect from the third quarter, when current CFO Richard Johnson retires.

Reilly has led PNC’s asset management group - which includes its Wealth Management, Capitol Advisors and Hawthorn Asset Management businesses - since 2005.

Reilly joined PNC Bank in 1987 and has held numerous management positions in investment and commercial banking. Prior to assuming his current role, he was deputy head of PNC Advisors.

Succeeding Reilly as head of asset management and joining PNC’s executive committee will be Orlando Esposito, who is currently corporate banking executive vice president.

In other recent news at PNC, last week the firm confirmed the addition of a new Wilmington, NC-based wealth management team. The team is led by Nick Becton and Ed Turnley, with support from Maggie Austin, a sales and service specialist, and Karen Weaver, a channel development advisor.