Truist hires Kerry Jessani to lead new mid-corporate banking team
Rhea-AI Summary
Truist Financial (NYSE: TFC) has appointed Kerry Jessani as head of mid-corporate banking. Jessani, who brings over 20 years of experience from JP Morgan, will build and lead a coverage team focused on delivering industry-based expertise to private and public companies across the U.S. The new mid-corporate banking initiative will complement Truist Securities' national investment and corporate banking services while strengthening the company's commercial banking business. Jessani, who previously served as deputy head of specialized industries at JP Morgan's commercial banking unit, will report to Chief Wholesale Banking Officer Kristin Lesher and join Truist in February.
Positive
- Strategic expansion into mid-corporate banking aligns with growth acceleration plans
- Strengthening of commercial banking business in key growth markets
- Addition of experienced leadership with 20+ years of industry expertise
Negative
- None.
News Market Reaction – TFC
On the day this news was published, TFC declined 1.75%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
CHARLOTTE, N.C., Nov. 4, 2024 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced it has hired Kerry Jessani as head of mid-corporate banking. Jessani will build and lead a coverage team focused on delivering industry-based expertise and solutions to private and public companies across the
Mid-corporate banking will complement the national investment and corporate banking coverage, research, advisory and capital markets expertise of Truist Securities and bolster Truist's commercial banking business which operates in some of the most attractive growth markets in the
Jessani joins Truist following more than 20 years at JP Morgan, most recently serving as deputy head of specialized industries for its commercial banking unit. In this role, Jessani led and grew a national specialized industries team that serves clients across a variety of sectors, including healthcare, higher education, restaurants and franchises, and several industrial segments.
Jessani began her tenure at JP Morgan in investment banking before transitioning to commercial and corporate banking, holding roles of increasing responsibility across a variety of industry coverage and treasury management teams. She began her career at Bear, Stearns & Co. after graduating from Georgetown University and also holds an MBA from the NYU Stern School of Business. An active member of her community, Jessani is a board member of the Nursing School at Belmont University.
Jessani will join Truist in February, reporting to Chief Wholesale Banking Officer Kristin Lesher, and serve as a member of the Truist Operating Council.
"Kerry has a track record of success building and growing a national team that delivers industry-specific advice," said Lesher. "Her experience leading teams that provide core banking solutions, including lending, deposits, and payments, in close partnership with investment banking and wealth management teams make her a natural fit for this role."
Truist Wholesale Banking provides comprehensive commercial banking, corporate and investment banking, commercial real estate, wholesale payments and wealth management solutions to business owners, management teams and high net worth individuals and families.
About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. As a leading
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SOURCE Truist Financial Corporation
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