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Truist expands Commercial and Corporate Banking business with key hires and appointments

1. Truist Financial appoints key leaders for growth in industry-focused banking. 2. New hires will enhance corporate banking and client solutions nationwide. 3. Truist aims to expand market reach across various sectors. 4. Leadership team brings extensive experience and focus on client service. 5. Investment in talent supports growth ambitions and market share objectives.

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Why Bullish?

Truist's strategic appointments signal a focus on growth and competitiveness. Historical precedence shows that leadership changes often lead to strengthened market positions, as seen with large banks that revamped teams for improved performance.

How important is it?

The appointment of experienced leaders and focus on industry-specific solutions indicates a strong strategic direction, which is likely to attract client interest and boost revenue potential.

Why Long Term?

While immediate effects may be minimal, enhanced leadership and strategic focus could yield significant growth over time, as seen in previous restructures that positively impacted stock performance.

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Investment in nationwide business and talent will accelerate industry-focused strategy , /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced a series of key hires and appointments in its Commercial and Corporate Banking business to help fuel its nationwide, industry-focused strategy. With a focus on attracting and retaining the highest-quality talent within major industry verticals, these leaders will advance the team's delivery of best-in-class thought leadership and solutions to new and existing clients across the U.S. Truist Commercial and Corporate Banking executes a regional delivery strategy for commercial and middle market companies across Truist's geographic footprint and an industry-centric model to serve large corporate clients nationwide in key sectors. "Building our bench of leaders and seasoned bankers allows us to extend our capabilities and industry-specific experience to clients across the U.S.," said Jim Pirouz, head of Corporate Banking at Truist. "We're focused on delivering Truist's broad suite of solutions to clients and scaling our team to achieve our growth ambition." Truist's Corporate Banking build-out includes the following senior leader appointments and hires: Rob Chesley and Evelyn Kudelski as Co-Heads of the Financial Institutions Group. Chesley and Kudelski have been senior leaders at Truist Securities with consistent track records of success and more than 50 years of combined experience. Benjamin Wright as Head of Industrials and Services. Wright will join Truist in July having most recently served as Head of Industrials at Wells Fargo and brings more than 20 years of direct industry and team development experience to the role. Laura Chittick as Head of Healthcare. Chittick will join Truist in August from J.P. Morgan and brings more than 25 years of experience in capital markets advisory and execution to the role with her last five years focused on pharma, biotech, medtech and healthcare services clients. Tom Crowley and Andrew Turnbull join Truist as Managing Directors in the Financial Institutions and Healthcare groups, respectively. Yash Gandhi and Samuel Gaze join Truist as Directors in the Energy and Infrastructure and Financial Institutions groups, respectively. Truist is actively recruiting to expand its coverage of key segments, including Consumer and Retail; Energy and Infrastructure; Financial Institutions; Healthcare; Industrials and Services; Media and Telecom; and Technology. Pirouz was appointed head of Corporate Banking in January 2025. Prior to this role, Pirouz served as head of Capital Markets for Truist Securities, Truist's full-service investment bank. He also previously led the firm's Consumer, Retail and Healthcare Investment Banking teams and has more than 30 years of financial services experience. "We're committed to delivering the industry expertise that large institutions need to make confident, informed financial decisions that propel their business forward," said Kerry Jessani, head of commercial and corporate banking at Truist. "The investments in our team will help us serve more clients, capture greater market share, and fuel our success." About TruistTruist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $536 billion as of March 31, 2025. Truist Bank, Member FDIC. Learn more at Truist.com. SOURCE Truist Financial Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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