Truist reshuffles consumer banking leadership and adds a vice chair
Chief Executive Mike Lyons, who took over in September, is also selling a lending platform to Carlyle and dropping a digital initiative.
By Standard Topic. AI-generated from the reporting listed under Coverage. Published . Updated .
This story is no longer being updated. It reflects reporting up to .
What happened
Truist Financial named D. Steve Boland, a former BofA executive, as vice chair. Shimna Sameer will lead consumer banking and Jeff Warner will lead small business banking, with Mike Lyons, the chief executive, overseeing all three. The bank is also selling a non-core lending platform and abandoning a digital initiative started by its predecessor.
Why it matters
The moves are part of a revamp of Truist's consumer-banking business under its new leadership.
Coverage
- Truist CEO shakes up bank's consumer, small business leadership (businessnc.com)
- Truist's new CEO begins makeover with consumer business (americanbanker.com)
- Truist Financial names vice chair and a new consumer banking chief (seekingalpha.com)
- Truist (TFC) will add a vice chair as its consumer and small business banking chief prepares to leave. (stocktitan.net)
- Truist announces leadership appointments (Truist Financial Corporation)
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