SunTrust Names Anil Cheriyan New Chief Information Officer

SunTrust announced on March 9 that Anil Cheriyan has been named the Company's new Chief Information Officer.  He will join SunTrust on April 2, 2012, and report to Chairman and Chief Executive Officer William H. Rogers, Jr.

Mr. Cheriyan succeeds Tim Sullivan, who has served as Chief Information Officer since 2003 and is retiring.

"Anil Cheriyan brings outstanding technology experience and expertise leading transformational systems initiatives," said Mr. Rogers.  "Technology's role in the banking business cannot be overstated.  From responding to evolving client preferences in the way they want to bank and manage their finances, to developing new and more effective and efficient means of safeguarding information security and processing transactions, technology will remain a critical aspect of our growth and operating strategy."

Mr. Cheriyan, 54, joins SunTrust from IBM Global Business Services, where he has served as a Senior Partner serving financial services industry clients and led a variety of business systems transformation, technology and process re-engineering initiatives.  Prior to joining IBM in 2002, he was a Partner with PricewaterhouseCoopers Consulting (PwCC) and served in leadership roles on a variety of systems, customer information, data warehousing and e-business engagements.  Previously he was a Senior Consultant with Electronic Data Systems (EDS) and Information Services Manager for TVS Clayton, Ltd.

Mr. Cheriyan earned his Bachelor of Science in Electronic and Electrical Engineering, as well as his Master of Science and Master of Philosophy degrees in Management, from Imperial College in London.

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