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