Hackett succeeds John
Gregg, who will retire
ATLANTA, March 13,
2023 /PRNewswire/ -- Truist Financial Corporation
(NYSE: TFC) today announced that John
Gregg will retire, and that Tom
Hackett has been named chairman and chief executive officer
of Truist Securities, Truist's full-service corporate and
investment bank, effective March
31.
Based in Atlanta, Hackett
currently serves as president and chief operating officer (COO) of
Truist Securities, a position he's held since 2020. He joined
Truist Securities in 2008 and has more than 30 years of corporate
and investment banking experience. In his new role, Hackett will
report to Truist Vice Chair Beau
Cummins.
"Tom's purpose-driven leadership and depth of experience make
him well-suited to lead our firm as we continue to leverage our
range of capabilities and expertise to position our clients for
success," said Cummins. "I also want to thank John for his
leadership in growing Truist Securities and creating a culture that
is centered around serving our clients and helping them achieve
outstanding results."
Hackett has been one of the primary architects of a growth
strategy that has led Truist Securities to establish itself as a
leading player in corporate and investment banking. As president
and COO, he was responsible for the Investment Banking, Corporate
Banking, M&A, Capital Markets and Asset Finance
organizations. Hackett led a team that serves corporate
clients with the full suite of capital markets, advisory, and
traditional banking products and services.
Hackett previously held additional leadership positions at
Truist Securities, including head of Investment Banking and head of
Asset Finance, a role in which he led teams focused on Asset
Securitization, Asset Based Lending, Structured Real Estate,
Project Finance, and Equipment Finance. Prior to joining
Truist, Hackett served in various corporate and investment banking
capacities at several industry-leading institutions.
"The strength of Truist Securities is our teammates, their focus
on partnering closely with our clients, and delivering expertise
that helps them achieve their goals," said Hackett. "As we look to
the future, our client-first approach, ability to navigate complex
transactions and long-term view will continue to deliver sustained
success for clients and Truist."
Hackett earned his Bachelor's degree in Finance from
Auburn University and a Master's degree
in Business Administration from Emory
University. He serves on the Georgia Research Alliance Board
of Trustees.
About Truist Securities
Truist Securities is the
full-service corporate and investment banking arm of Truist
Financial Corporation. With a rich history extending back more than
125 years, Truist Securities offers a robust capital markets and
investment banking platform that includes a comprehensive array of
strategic advisory, mergers and acquisition, and capital markets
capabilities for corporate and institutional clients, including
sales, trading and research services in both fixed income and
equity. The firm also provides corporate finance, asset finance,
risk management, liquidity, and treasury management solutions to
meet clients' full spectrum of financial needs. Headquartered in
Atlanta, Truist Securities has
offices located across the U.S. Learn more
at www.truistsecurities.com.
© 2023 Truist and Truist Securities are trademarks of Truist
Financial Corporation. Truist Securities is a trade name for the
corporate and investment banking services of Truist Financial
Corporation and its subsidiaries. All rights reserved. Securities
and strategic advisory services are provided by Truist Securities,
Inc., member FINRA and SIPC. Loan syndications are offered by
Truist Securities, Inc. Loans and loan related products are offered
by Truist Bank. Deposit products are offered by Truist Bank, Member
FDIC.
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SOURCE Truist Financial Corporation