SunTrust Banks names CFO Chancy wholesale banking exec
As part of a planned management transition, the board of SunTrust Banks (STI) approved the appointment of CFO Mark Chancy as wholesale banking executive. Chancy was appointed to the newly created position a week after William Rogers was named president and CEO of the Atlanta-based banking holding company. James Wells was recently named executive chairman. Aleem Gillani, current corporate treasurer for SunTrust, will succeed Chancy as CFO. As wholesale banking executive, Chancy assumes responsibility for the company's corporate and investment banking, diversified commercial banking, treasury and payment solutions, and commercial real estate banking units, as well as the GenSpring family offices and RidgeWorth investments subsidiaries. He retains oversight of the company's corporate development function, which includes mergers and acquisition, performance management and strategic planning. Gillani’s responsibilities will include investor relations, treasury, controller, tax, corporate support services and enterprise execution services. He will serve as corporate treasurer until a successor is named. "Aligning our wholesale banking businesses as one integrated organization will enable us to deliver the benefits of shared priorities, services and goals to both our clients and our shareholders," Rogers said. Prior to being named CFO in 2004, Chancy served as SunTrust's corporate treasurer for three years. A 25-year financial services industry veteran, he joined SunTrust in 2001 through its acquisition of Robinson-Humphrey where he had served as CEO since 1997. Chancy joined the corporate finance department at Robinson-Humphrey Co. in 1989 after beginning his career with First Boston in 1986. Gillani was named SunTrust's corporate treasurer in March 2010. Previously, he served as the company's chief market risk officer. Prior to joining SunTrust in 2007, he served as chief market risk officer at PNC Financial Services Group for three years after serving in a similar capacity for BankBoston and FleetBoston. Write to Shaina Zucker.