USAA announces updates to senior leadership team

USAA announced that current Chief Financial Officer, Jeff Wallace, will become the company’s new chief audit executive. Brett Seybold, senior vice president and senior financial officer for USAA’s property and casualty business will replace Wallace as CFO. The moves, which come after the departure of the company’s chief audit executive, will enable USAA to continue to provide exceptional service to members today and for generations to come.

As CFO, Wallace led the organization through the challenging post-pandemic financial environment, ensuring the association’s financial strength and ability to continue to serve members well. He joined USAA four years ago from Bank of America, where he served as the Chief Financial Officer of the Consumer Banking and Global Wealth and Investment Management businesses, leading the re-engineering of its financial systems, forecasting and planning processes. Over his more than 30-year career, he has held leadership positions with a variety of large financial institutions. He has experience streamlining work processes and simplifying organization strategies, as well as working with federal regulators.

Seybold, a 20-year USAA employee, becomes the CFO after previously serving as the company’s treasurer where he helped guide capital, liquidity and investment activities through the global financial crisis, COVID pandemic and recent inflation-driven Fed rate hikes. Seybold also led the team that created USAA’s Transformation Office, setting into motion several initiatives that are delivering financial value and enabling the association to provide better, more personalized service, products and advice to members in the coming years.

“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.” – Wayne Peacock, USAA president and CEO.