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Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successor

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Truist Financial (NYSE: TFC) announced the retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III after a 42-year career. Brad Bender, a 20-year company veteran, will succeed Starnes as chief risk officer, reporting directly to CEO Bill Rogers. Bender, who most recently served as interim chief information officer, will oversee credit, market, capital, liquidity, operational, compliance and technology risk, as well as regulatory relations, ethics and financial crimes functions. Starnes will remain in an advisory capacity to ensure a smooth transition.

Truist Financial (NYSE: TFC) ha annunciato il ritiro del Vice Presidente e Chief Risk Officer Clarke R. Starnes III dopo una carriera di 42 anni. Brad Bender, un veterano dell'azienda con 20 anni di esperienza, succederà a Starnes come Chief Risk Officer, riportando direttamente al CEO Bill Rogers. Bender, che in precedenza ha ricoperto il ruolo di Chief Information Officer ad interim, gestirà il rischio di credito, mercato, capitale, liquidità, operazioni, conformità e tecnologia, oltre alle relazioni regolatorie, etiche e alle funzioni legate ai crimini finanziari. Starnes rimarrà in un ruolo consultivo per garantire una transizione fluida.

Truist Financial (NYSE: TFC) anunció la jubilación del Vicepresidente y Director de Riesgos Clarke R. Starnes III tras una carrera de 42 años. Brad Bender, un veterano de la empresa con 20 años de experiencia, sucederá a Starnes como Director de Riesgos, reportando directamente al CEO Bill Rogers. Bender, quien más recientemente se desempeñó como Director de Información interino, supervisará el riesgo de crédito, de mercado, de capital, de liquidez, operativo, de cumplimiento y de tecnología, así como las relaciones regulatorias, éticas y las funciones relacionadas con delitos financieros. Starnes permanecerá en un cargo asesor para asegurar una transición sin problemas.

트루이스트 파이낸셜 (NYSE: TFC)는 42년 경력을 가진 부회장兼 최고위험관리자인 클락 R. 스타너스 III의 은퇴를 발표했습니다. 브래드 벤더, 20년 경력의 회사 베테랑이 스타너스를 대신해 최고위험관리자로 임명되며, CEO 빌 로저스에게 직접 보고합니다. 최근 임시 최고정보책임자로 재직한 벤더는 신용, 시장, 자본, 유동성, 운영, 규정 준수 및 기술 위험을 감독하며, 규제 관계, 윤리 및 금융 범죄 관련 기능도 포함됩니다. 스타너스는 원활한 전환을 보장하기 위해 자문 역할을 계속할 것입니다.

Truist Financial (NYSE: TFC) a annoncé le départ à la retraite de son vice-président et directeur des risques, Clarke R. Starnes III, après une carrière de 42 ans. Brad Bender, un vétéran de l'entreprise avec 20 ans d'expérience, succédera à Starnes en tant que directeur des risques, reportant directement au PDG Bill Rogers. Bender, qui a récemment occupé le poste de directeur des systèmes d'information par intérim, supervisera les risques de crédit, de marché, de capital, de liquidité, opérationnels, de conformité et technologiques, ainsi que les relations réglementaires, l'éthique et les fonctions liées aux crimes financiers. Starnes restera dans un rôle consultatif pour garantir une transition en douceur.

Truist Financial (NYSE: TFC) gab die Pensionierung von Vizepräsident und Chief Risk Officer Clarke R. Starnes III nach einer 42-jährigen Karriere bekannt. Brad Bender, ein 20-jähriger Unternehmensveteran, wird Starnes als Chief Risk Officer nachfolgen und direkt an CEO Bill Rogers berichten. Bender, der zuletzt als interimistischer Chief Information Officer tätig war, wird das Risiko in den Bereichen Kredit, Markt, Kapital, Liquidität, Betrieb, Compliance und Technologie überwachen, sowie regulatorische Beziehungen, Ethik und Funktionen im Zusammenhang mit Finanzkriminalität. Starnes wird in beratender Funktion verbleiben, um einen reibungslosen Übergang sicherzustellen.

Positive
  • Smooth leadership transition with experienced internal successor
  • New CRO brings 20 years of company experience
  • Continuity maintained through advisory period with retiring executive
Negative
  • Loss of 42-year veteran executive with extensive industry expertise

CHARLOTTE, N.C., Nov. 13, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Clarke R. Starnes III is retiring as vice chair and chief risk officer, following an outstanding 42-year career at the bank.

Brad Bender, a 20-year Truist veteran, will succeed Starnes as chief risk officer, reporting to Truist Chairman and CEO Bill Rogers. In his new role, Bender will be responsible for leading the company's risk management organization—including oversight of credit, market, capital, liquidity, operational, compliance and technology risk—as well as Truist's regulatory relations, ethics and financial crimes functions. Bender will assume the role of chief risk officer effective immediately and continue to serve on the Truist Operating Council. Starnes will work closely with Bender over the coming months in an advisory capacity to facilitate a smooth and thorough transition.

"Among the hallmarks of Clarke's illustrious career are his steady, purpose-driven leadership, depth of experience, and the deep regard his industry peers have for his extensive expertise and insights," said Rogers. "It has been an honor to work with him, and we thank him for his tremendous service on behalf of our clients, teammates and stakeholders."

Rogers continued, "Brad brings demonstrated results and a strong background in credit risk, policy management, and technology operations to this important role. In addition, his proven leadership experience with end-to-end enterprise operations and lending makes him well suited to serve as chief risk officer."

Starnes joined Truist in 1982 through its Leadership Development Program and served in numerous leadership roles throughout his tenure, including in specialized lending, business services, credit, loan administration and direct lending risk management. He was named vice chair in 2022 and chief risk officer in 2019, and he was an instrumental leader in the merger of equals that created Truist. Starnes earned a bachelor's degree in business administration from University of North Carolina at Chapel Hill and is also a graduate of the ABA Stonier Graduate School of Banking at the University of Delaware.

Bender most recently served as interim chief information officer. Prior to that, he served as head of enterprise operational services, where he led centralized operations for Truist, including service delivery, and fulfillment and recovery functions for products across all lines of business; procurement and sourcing; corporate real estate, facilities; global workforce strategy and delivery; change execution governance, and intelligent solutions. Bender also has held leadership roles in consumer finance solutions, home improvement lending, model management and credit risk.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a leading U.S. commercial bank, Truist has leading market share in many of the high-growth markets across the country. Truist offers a wide range of products and services through our wholesale and consumer businesses, including consumer and small business banking, commercial banking, corporate and investment banking, wealth management, payments, and specialized lending businesses. Headquartered in Charlotte, North Carolina, Truist is a top-10 commercial bank with total assets of $523 billion as of Sept. 30, 2024. Truist Bank, Member FDIC. Learn more at Truist.com.

 

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SOURCE Truist Financial Corporation

FAQ

Who is replacing Clarke Starnes as Truist's (TFC) Chief Risk Officer?

Brad Bender, a 20-year Truist veteran who most recently served as interim chief information officer, is replacing Clarke Starnes as Chief Risk Officer.

What are Brad Bender's responsibilities as new CRO at Truist (TFC)?

Bender will lead the company's risk management organization, overseeing credit, market, capital, liquidity, operational, compliance and technology risk, as well as regulatory relations, ethics and financial crimes functions.

When is Clarke Starnes retiring from Truist (TFC)?

While the exact retirement date isn't specified, Starnes will remain in an advisory capacity for several months to ensure a smooth transition with Brad Bender.

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