As CIO of Regions Wealth Management, McKnight will develop asset management strategies for individuals, families and institutional clients. He joins from SunTrust Bank, where he was managing director and head of institutional investments.

Parker has worked at Regions for over 28 years within the firm's personal and institutional trust businesses. In 1998, he became trust group director, followed by wealth management area manager for trust, asset management, private banking and brokerage.

Regions' institutional services and asset management functions were previously led by Ken Alderman, who retired in February after 33 years at the firm.

Regions Wealth Management, with $81 billion in assets under administration, provides banking, investment, trust, and insurance services to individual and institutional clients through four businesses: Regions Private Wealth Management, Regions Institutional Services, Regions Investment Services and Regions Insurance Group.