Truist names Ankur Vyas head of Investor Relations

Rhea-AI Summary

Truist Financial Corporation (NYSE: TFC) has appointed Ankur Vyas as the new head of Investor Relations, effective immediately. Reporting to CFO Daryl Bible, Vyas has a comprehensive background in financial services, having led Investor Relations at SunTrust for six years. He is a Chartered Financial Analyst and has received accolades in investor relations. Truist, with total assets of $518 billion as of March 31, 2021, aims to deliver high-quality communication about its strategy and performance to stakeholders.

Positive

• Appointment of Ankur Vyas as head of Investor Relations, indicating a strong leadership shift.
• Vyas brings extensive experience in investor relations and financial services, likely enhancing stakeholder communication.
• Truist continues to focus on delivering long-term value for stakeholders.

Negative

• None.

CHARLOTTE, N.C., June 8, 2021 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) announced today that Ankur Vyas has been named the new head of Investor Relations, effective immediately, reporting to the Chief Financial Officer Daryl Bible. Vyas, who most recently led Truist Wealth Omni Channel, has been with Truist and its heritage institution SunTrust since 2013—during which he led Investor Relations at SunTrust for six years.

"A core component of our mission at Truist is to optimize long-term value for all of our stakeholders. One of the ways we achieve this is by delivering high quality, consistent and transparent communications to the investment community about our long-term strategy and financial performance," Bible said. "We're excited to welcome Ankur back to Finance and have him lead this effort for the company as he brings extensive investor relations and overall financial services industry knowledge to his new leadership role."

Vyas is a seasoned financial services professional and, in addition to Truist Wealth Omni Channel and Investor Relations, he also served as assistant treasurer at SunTrust for three years, responsible for capital management, funding, and liquidity management. He also was responsible for SunTrust's initial corporate social responsibility program. Prior to joining SunTrust, Vyas had a broad range of industry experience serving as a vice president in the Financial Institutions Group at Goldman Sachs, where he provided corporate finance, mergers and acquisitions, and capital raising advice to financial services companies, primarily focused on the banking and specifically finance sector in North America. Before Goldman Sachs, Vyas worked in Strategic Planning at First Horizon National Corporation and Structured Credit Products at Bank of America.

Vyas is a Chartered Financial Analyst and was named to the 2016, 2017 and 2018 Institutional Investor All-America Executive Teams as one of the top investor relations professionals in the large-cap banks sector.

About Truist

Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of equals of BB&T and SunTrust, 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 $518 billion as of March 31, 2021. Truist Bank, Member FDIC. Learn more at Truist.com.

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SOURCE Truist Financial Corporation

FAQ

Who is the new head of Investor Relations at Truist Financial Corporation?

Ankur Vyas has been appointed as the new head of Investor Relations at Truist Financial Corporation.

What position did Ankur Vyas hold before becoming head of Investor Relations at Truist?

Before his current role, Ankur Vyas led Truist Wealth Omni Channel.

What is Truist Financial Corporation's total asset value as of March 31, 2021?

Truist Financial Corporation has total assets of $518 billion as of March 31, 2021.

When was Ankur Vyas appointed head of Investor Relations at Truist?

Ankur Vyas was appointed head of Investor Relations on June 8, 2021.

Who does Ankur Vyas report to in his new role at Truist?

Ankur Vyas reports directly to the Chief Financial Officer, Daryl Bible.