People Moves
Executive Changes At Top Of SunTrust Banks

Executive changes at the bank include leadership of the private client wealth area, the bank has announced.
US-listed SunTrust Banks has
announced a range of appointments affecting divisions including
its private client arm. The changes take effect from April 3.
Mark Chancy is named vice chairman and consumer segment
executive, reporting to Rogers. SunTrust Banks will merge
the mortgage segment with consumer banking and private wealth
management. Chancy, who most recently served as wholesale banking
executive, will lead this expanded segment, SunTrust said.
"Structuring all of our consumer businesses under the same leadership will help us invest more effectively in the overall client experience while taking advantage of natural synergies," chief executive and chairman William Rogers said.
Mortgage banking executive Dorinda Smith will report to Chancy in his new capacity, the bank said in a statement late last week.
Hugh Cummins is named wholesale segment executive, succeeding Chancy and reporting to Rogers. Cummins most recently led the commercial and business banking line of business, and previously led SunTrust Robinson Humphrey, the company's investment banking unit.
Thomas Freeman is named efficiency and strategic partnerships executive, reporting to Rogers. He has been leading consumer banking and private wealth management. He will now spearhead initiatives to improve SunTrust's efficiency and evaluate further Fin Tech alliances.
Jorge Arrieta, general auditor, will now functionally report to Rogers, while maintaining his primary reporting relationship to the audit committee of the coard. The company's internal Audit function works closely with business lines and functions to ensure executional excellence.