Bank Watch

‘Personal matter’ gets former BofA lawyer ousted as Fifth Third general counsel

Heather Russell Koenig
Heather Russell Koenig

An attorney who once worked for Bank of America has been ousted from her role as general counsel at Fifth Third Bancorp over a conflict of interest, the Cincinnati-based bank said this week.

Heather Russell Koenig, who also served as Fifth Third’s corporate secretary, is no longer with the company as of Thursday, the regional bank said. She was hired by Fifth Third for the two roles in September.

“A personal matter has been brought to our attention that Fifth Third believes represents a conflict of interest,” Fifth Third said in a statement. “To resolve this, we have determined that the best course of action was a separation.”

“Heather is a very qualified lawyer, and this matter had nothing to do with any of the legal work done by Heather during her tenure at Fifth Third,” the statement said.

Koenig could not be immediately reached for comment.

Her career included five years at Charlotte-based Bank of America, where she worked in the company’s headquarters city. At Bank of America, she served as lead counsel for a variety of divisions, including global risk, supervisory and regulatory relations, deposit and debit products and electronic banking, Fifth Third said in announcing her hiring last year.

In 2011, after her time at Bank of America, Russell joined Bank of New York Mellon. Her roles there included chief regulatory counsel and head of public policy and regulatory affairs.

Deon Roberts: 704-358-5248, @DeonERoberts

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