The PNC Financial Services Group, Inc. announced that Augustine (Gus) Faucher will assume responsibility as Chief Economist effective immediately. Faucher succeeds Stuart G. Hoffman, who is retiring and transitioning to a new PNC role as senior economic advisor after 37 years of service at the company. Faucher joined the company in 2011 and most recently served as Deputy Chief Economist. Faucher will lead the Economics team and report to Gagan Singh, Chief Investment Officer of the company. He will be responsible for company's National Economic Outlook, Economic Releases, Market Expectations Survey, and Economic Outlook Survey of Small Business Owners reports. Faucher will continue to present on the economic outlook to the company's clients as well as business and civic groups, and share his insight with national media outlets. Prior to the company, Faucher's professional experience included Moody's Analytics and the U.S. Treasury Department. Hoffman will become a Senior Economic Advisor and continue to report to Gagan Singh. He will work with the company's clients to provide expert analysis and forecasts for national, regional and global economic and financial trends.