SunTrust Banks has hired Eric Brewer as executive vice president (EVP) and head of treasury and payment solutions. Brewer will be responsible for treasury management sales, treasury management services, commercial card services, merchant services, treasury product management, business deposit management, and global trade services. He will report to Mark Chancy, who was recently named wholesale banking executive, a newly-created post overseeing SunTrust’s wholesale banking businesses aligned as one integrated organisation.
Prior to joining SunTrust, Brewer led the treasury product business line for Branch Banking & Trust Corporation (BB&T) and served as president of Creative Payment Solutions, a wholly-owned BB&T subsidiary that offers electronic payment (e-payments) products and services to financial institutions for re-sell to their clients. He previously served as head of Europe, Middle East and Africa regional Transaction banking and cash flow advisory sales for ABN Amro.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.