SunTrust Equitable Securities, the investment banking subsidiary of SunTrust Banks Inc., has hired two executives to bolster its loan syndications team.
Peter C. Vaky will join the company as managing director and head of loan syndications.
Jonathan M. Kitei has been named co-head of loan syndications and managing director. He will report to Mr. Vaky.
The appointments are the latest move by $93 billion-asset SunTrust to expand its capital markets presence. The move was preceded by a May 5 announcement that the Atlanta-based company would open a capital markets office in Boston, its first location north of Washington, D.C.
Mr. Vaky joins Atlanta-based SunTrust after 11 years at the Bank of Montreal, where he was managing director and head of global bank loan distribution. In that role, Mr. Vaky was responsible for bank loan underwriting, trading, and distribution worldwide.
Mr. Vaky had previously held senior loan syndications and trading positions at both BA Securities and the former Continental Bank of Chicago.
Mr. Kitei joins SunTrust most recently from the former BankAmerica Corp., where he ran the company's loan trading desk in Chicago. He left BankAmerica last fall after he refused a transfer to Charlotte, N.C., as part of the merger of BankAmerica and NationsBank Corp.
Separately, SunTrust said Robert F. Marcus, who is responsible for loan syndications and private placements, will establish an origination and structuring group within its debt capital markets unit. The bank said the group will be a companion effort to its high-yield debt operation, which is led by Martin T. Mayden.
Mr. Marcus' unit will focus on nonleveraged companies and will work with SunTrust's client managers to build and sell complex debt capital markets products. Mr. Marcus will have direct responsibility for these activities in Georgia and for SunTrust's industry specialty groups. He will also coordinate these activities across the SunTrust system.
