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Peacock became CEO in February 2020 and is the first USAA CEO who is not a veteran of the armed forces. [27] USAA has announced that on April 2, 2025, Juan C. Andrade will step in as the new CEO. [28] USAA former CEOs include retired Air Force brigadier general Robert F. McDermott, who took the position in 1969. [29]
He was the president and CEO of USAA from 2007 to 2015. [2] [3] He was born in Rio Piedras, Puerto Rico. [4] After working at USAA, he worked for periods of time on the boards of Christus Santa Rosa Hospital and the P16Plus Council of Greater Bexar County Foundation, as well as working on the Base Realignment and Closure Commission. [5]
Brigadier General Robert Francis McDermott (July 31, 1920 – August 28, 2006) was the first permanent Dean of the Faculty at the United States Air Force Academy, and later served as Chairman and CEO of USAA. He is often referred to as the "Father of Modern Military Education" for his contributions to that field.
In November 2018, Victory Capital announced it would acquire USAA Asset Management Company for $850 million. [18] As a result, in January 2019, Victory Capital announced it would move its headquarters from Cleveland, Ohio to San Antonio, Texas. [19] Both actions were completed in 2019. [20]
He was USAA's chairman and CEO from 1993 to 2000 and continued as chairman until May 10, 2002. During Herres' tenure as chief executive officer , USAA's Internet site was launched; the SSA senior bonus was instituted to reward the loyalty of long-term members; and a formalized way for employees to capture member feedback was created so that ...
Starting in 2019, USAA has also faced a number of fines — $3.5 million over customer-related violations, $85 million over compliance and management issues and $140 million over weak protections ...
The bank continues to help address the challenges that its 13 million military customers face. For example, military members face specific challenges finding housing because they have such ...
In 2015, Davis served on the boards of the Twin Cities YMCA, Minneapolis Art Institute, University of Minnesota Foundation, Greater MSP, National American Red Cross, University of San Diego, Minnesota Business Partnership, The Clearing House, Itasca Group, Twin Cities United Way, Dow Chemical and the Financial Services Roundtable, of which he previously served as chairman.