SunTrust Names Paul Burdiss New Corporate Treasurer

ATLANTA, Aug. 1, 2011 /PRNewswire/ -- SunTrust Banks, Inc. (NYSE: STI) has named Paul Burdiss its new Corporate Treasurer.

Mr. Burdiss will report to SunTrust Chief Financial Officer Aleem Gillani -- whom he succeeds as Treasurer -- and be based in Atlanta.  Mr. Gillani served as Corporate Treasurer prior to his appointment as CFO earlier this year and temporarily retained the post while a search for a new Treasurer was conducted.

"Paul Burdiss brings strong and proven experience as a leader, treasurer and banker to his new role at SunTrust," said Mr. Gillani.  "Today's rapidly evolving economic and regulatory environment requires highly responsive, strategic and analytical treasury leadership – all qualities Paul clearly possesses.  We look forward to benefiting from Paul's insights and leadership, and welcome him to SunTrust." 

As Corporate Treasurer, Mr. Burdiss will be responsible for managing SunTrust's interest rate risk profile as well as overseeing the liquidity, capital management and investment portfolio functions.  Most recently he was Executive Vice President and Treasurer of Comerica Incorporated and Comerica Bank, serving in a similar capacity.  In addition to holding a variety of other leadership roles with Comerica, Mr. Burdiss previously worked in commercial lending with Bank of Nova Scotia.

He earned a bachelor's degree in finance from Michigan State University and his MBA from the University of Michigan.

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation's largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.  As of June 30, 2011, SunTrust had total assets of $172.2 billion and total deposits of $124.9 billion.  The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels.  The Company also serves clients in selected markets nationally.  Its primary businesses include deposit, credit, trust and investment services.  Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust's Internet address is suntrust.com.

SOURCE SunTrust Banks, Inc.