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Press release from PR Newswire

SunTrust Names Ernie Dawal Chief Investment Officer for Private Wealth Management and Institutional Investment Solutions

Wednesday, July 06, 2011

SunTrust Names Ernie Dawal Chief Investment Officer for Private Wealth Management and Institutional Investment Solutions12:17 EDT Wednesday, July 06, 2011ATLANTA, July 6, 2011 /PRNewswire/ -- SunTrust Banks, Inc., (NYSE: STI) announced today that Ernest N. Dawal has joined the Company as Chief Investment Officer for its Private Wealth Management and Institutional Investment Solutions lines of business.  In this newly created role, he will oversee investment strategy for all business units within Private Wealth Management and Institutional Investment Solutions.  He will report to Willem Hattink, Head of Private Wealth Management and Institutional Investment Solutions.Mr. Dawal has more than 20 years experience in investment management, most recently serving as Executive Vice President and Senior Director of Investments for Wells Fargo Wealth Management.  Prior to the Wells Fargo and Wachovia merger, he served as Chief Investment Officer for Wachovia's Wealth Management business, a position he was named to in 2005.  "Ernie brings a vast amount of market expertise and experience to SunTrust," said Mr. Hattink.  "His keen understanding of market conditions, influences and movements will serve to further the investment strategies, advice and vehicles that we deliver to our clients to help them reach their goals.  We are glad to have him join our team."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 March 31, 2011, SunTrust had total assets of $170.8 billion and total deposits of $124.0 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.For further information: Hugh Suhr, +1-404-827-6813