Timothy N. Spence

Tim Spence is chairman of the Board of Directors, chief executive officer and president of Fifth Third Bancorp. Spence leads with a steadfast focus on shareholders, customers and colleagues. He measures the Bank’s success by producing the best total return for long-term shareholders and by the trust earned with customers and regulators. Under his leadership, the Bank has achieved top-tier performance metrics among peers by prioritizing stability, profitability, and growth — in that order — while obsessing over how to get 1% better every day and investing meaningfully in the future. His commitment to culture and communities is reflected in strong internal engagement and a bank-wide commitment to volunteerism.

Spence joined the bank in 2015. Prior to Fifth Third, he was a senior partner at Oliver Wyman, where he advised global financial institutions on matters of strategy. Spence also held leadership roles at two growth-stage technology companies.

Education

Tim earned a bachelor’s degree with high honors from Colgate University.

Professional and Civic

Tim holds leadership roles across several prominent organizations. He serves on the supervisory boards of both The Clearing House and the Bank Policy Institute, where he chairs BITS the technology policy division. In addition to his national involvement, Tim plays a key role in Ohio’s business community as the vice chair of the Ohio Business Roundtable and the chair of the Cincinnati Business Committee (CBC). He also contributes to higher education through his service on the board of trustees at Xavier University in Cincinnati.