SunTrust Banks has promoted its Atlanta market leader to a new position in wholesale banking and has named its first woman executive to lead the Atlanta market.
The $187 billion-asset company named Jenner Wood to the newly created position of corporate executive vice president for wholesale banking, according to a news release. Wood had been chairman and chief executive of the Atlanta market division since 2001.
SunTrust also named Allison Dukes as chairman and CEO of its Atlanta division. Dukes had been president of the Atlanta division.
Both promotions took effect on Thursday.
Wood began his career at SunTrust in 1975 in commercial banking, moving through various leadership positions in correspondent and corporate banking, as well as in trust and investment management.
Before she became Atlanta division president, Dukes was co-head of SunTrust's private wealth management business. She joined SunTrust in 1997 as a corporate banking analyst. She's also worked at SunTrust as managing director and head of syndicated finance originations for SunTrust Robinson Humphrey, and as chief financial officer for consumer banking and private wealth management.
SunTrust has the top market share in metro Atlanta, holding about $38.97 billion of deposits, or 26.66% of the market, as of June 30, according to the Federal Deposit Insurance Corp.