Truist hires Chris Ward as head of Wholesale Payments

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) has appointed J. Christopher Ward as the head of its Wholesale Payments business, responsible for treasury solutions, merchant services, and commercial card solutions. Ward, with over 30 years of experience in payments, previously held leadership roles at PNC Bank, where he focused on data and innovation in treasury management. His appointment aims to drive innovation and enhance payment capabilities for Truist's business clients, reinforcing the firm's commitment to providing secure and comprehensive client experiences.

Positive

• Appointment of Christopher Ward expected to drive innovation in payment solutions.
• Ward's extensive experience in payments could enhance Truist's service offerings.

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• None.

Ward will be responsible for treasury solutions, merchant services and commercial card solutions

CHARLOTTE, N.C., Aug. 1, 2022 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced J. Christopher Ward has been hired to lead its Wholesale Payments business including treasury solutions, merchant services and commercial card solutions.

Ward will be responsible for developing and delivering comprehensive and integrated payment capabilities for Truist's business clients, reporting to Chief Consumer Finance and Payments Officer Michael Maguire.

"Truist is committed to providing distinctive, secure and successful experiences for our clients," said Maguire. "We are thrilled to add Chris' deep subject matter expertise and strong track record of innovation and leadership to Truist Wholesale Payments."

Ward brings more than 30 years of payments experience including leadership roles in product management, strategy, sales, technology and operations. Prior to joining Truist, Ward spent 10 years at PNC where he most recently served as executive vice president and head of data, digital and innovation for treasury management. 

"I'm excited to join Truist and even more excited about Truist's commitment to investments in payments," said Ward. "Payments will play an increasingly critical role in the future of banking, and I look forward to leading Truist Wholesale Payments and driving innovation and transformation for our clients."

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Truist has leading market share in many high-growth markets in the country. The company offers a wide range of services including retail, small business and commercial banking; asset management; capital markets; commercial real estate; corporate and institutional banking; insurance; mortgage; payments; specialized lending; and wealth management. Headquartered in Charlotte, North Carolina, Truist is a top 10 U.S. commercial bank with total assets of $545 billion as of June 30, 2022. Truist Bank, Member FDIC.  Learn more at Truist.com.

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SOURCE Truist Financial Corporation

FAQ

Who is J. Christopher Ward and what role has he been appointed to at Truist?

J. Christopher Ward has been appointed as the head of Wholesale Payments at Truist Financial Corporation, overseeing treasury solutions, merchant services, and commercial card solutions.

What experience does J. Christopher Ward bring to Truist?

Ward has over 30 years of experience in the payments industry, including leadership roles at PNC Bank focusing on data, digital, and innovation in treasury management.

What are the expected outcomes of J. Christopher Ward’s appointment for Truist?

Ward's appointment is expected to enhance Truist's payment capabilities and drive innovation in its Wholesale Payments business.

When was the announcement of J. Christopher Ward's hiring made?

The announcement was made on August 1, 2022.

What is the significance of the Wholesale Payments business at Truist?

The Wholesale Payments business is crucial for providing integrated payment solutions to Truist's business clients, enhancing their overall banking experience.