US bank Truist promotes Mike Maguire to CFO

Truist Financial Corporation has promoted Mike Maguire, its chief consumer finance and payments officer, to chief financial officer (CFO) effective 15 September.

Truist names Mike Maguire CFO

Maguire succeeds current Truist CFO Daryl Bible, whose retirement was announced in May. Bible will remain at Truist during a transition period.

In his new role, Maguire will report to chairman and CEO Bill Rogers, and will head accounting, tax, treasury, financial planning and analysis and investor relations for the bank.

Maguire initially joined SunTrust in 2001 and worked in a number of roles before the bank merged with BB&T in 2019 to form Truist.

Headquartered in Charlotte, North Carolina, Truist offers retail, small business and commercial banking services. It is one of the top 10 US commercial banks with $545 billion in total assets under management.

Last month, it acquired tech firm Zaloni’s Arena platform, and in May, it acquired personal finance app Long Game.