SunTrust Announces Key Appointments in Finance

ATLANTA, March 25 /PRNewswire-FirstCall/ -- SunTrust Banks, Inc. (NYSE: STI) announced today that Jerome Lienhard has been named Senior Vice President of Strategic Finance & Administration with responsibility for Strategic Sourcing, Corporate Real Estate, Strategic Finance, Performance Measurement, and the Financial Services Unit.  Succeeding Mr. Lienhard as SunTrust Treasurer is Aleem Gillani.  In his new role, Mr. Gillani will oversee the Company's capital management, asset/liability management, funding and liquidity management, investment portfolio management and rating agency relations units.  

"These appointments underscore the depth of our talent at SunTrust," said SunTrust's Chief Financial Officer Mark A. Chancy.  "Jerome and Aleem are experienced finance professionals with broad leadership skills that make them uniquely suited for their new roles."  The appointments are effective April 1.  Messrs. Gillani and Lienhard will report to Mr. Chancy.

Mr. Lienhard has served as SunTrust's Treasurer since February 2006.  Prior to joining SunTrust, Mr. Lienhard served as senior vice president and treasurer of the Federal Home Loan Mortgage Corporation (Freddie Mac) and as corporate treasury manager at Toyota Motor Credit Corporation.

Mr. Gillani is currently the Company's Chief Market Risk Officer responsible for the area of the Company that identifies, measures, monitors and controls SunTrust's market risk in the areas of trading risk, liquidity and securitization, and interest rate risk.  Prior to joining SunTrust in 2007, he served as chief market risk officer at PNC Financial Services Group for three years.  Prior to that, he served in a similar capacity for BankBoston and FleetBoston.  He is Chair of the Market Risk Council at The Risk Management Association (RMA) and a member of the RMA Board of Directors.

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 December 31, 2009, SunTrust had total assets of $174.2 billion and total deposits of $121.9 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.