Insurance provider United States Automobile Association (USAA) has announced that current chief financial officer Jeff Wallace (pictured above left) will become the firm’s chief audit executive. Brett Seybold (pictured above right), senior vice president and senior financial officer for USAA’s P&C business, will succeed Wallace as CFO. The pair’s promotions followed the departure of the previous USAA chief audit executive.
"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,” said Wayne Peacock, president and CEO of USAA.
Wallace has been the USAA’s chief financial officer since he joined the firm in August 2020. Prior to that, he served at Bank of America for 13 years in roles such as controller for global consumer and small business banking and global wealth and investment management. He also served as Bank of America’s CFO with various specializations throughout the years.
With more than 30 years of experience in his career, he held various leadership positions affiliated with large financial institutions. He also has experience in streamlining work processes as well as simplifying organization strategies and working with federal regulators.
Seybold has been with USAA for 20 years and has previously served as the firm’s treasurer. He has also led the team which created USAA’s transformation office, which was the proponent of several initiatives that were geared towards delivering financial value and allowing the company to provide improved service, products, and advice to its members.
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