SunTrust promotes Ellen Koebler to chief risk officer

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SunTrust Banks’ chief risk officer, Jerome Lienhard, will retire at the end of the year and will be replaced by consumer banking executive Ellen Koebler.

The Atlanta company said Thursday that Koebler will assume CRO duties on Jan. 1 and will report directly to Chairman and CEO Bill Rogers. She will oversee credit, market, operational, compliance and technology risk, along with the risk review assurance function, and portfolio risk analytics and modeling for the $211 billion-asset SunTrust.

“Ellen Koebler brings a strong combination of strategy, execution and leadership to the role with both risk management and business line experience," Rogers said.

Koebler first joined SunTrust in 2004 as director of corporate investment bank portfolio strategies and later became chief market risk and enterprise analytics officer. In 2016, she joined E-Trade as its chief risk officer and then returned to SunTrust in 2017. Before SunTrust, she worked for Bank One, before it was acquired by JPMorgan Chase, and as a chemical engineer for Shell Oil.

She is currently executive vice president of consumer lending and deposit products, overseeing direct and indirect lending, deposit products and payments and partnerships.

Lienhard has worked for SunTrust since 2006 when he joined as senior vice president and treasurer responsible for funding, treasury operations, portfolio management and asset liability management. He became president and CEO of SunTrust Mortgage in 2011 and became chief risk officer in 2015. Before SunTrust, Lienhard worked for Freddie Mac and the Toyota Motor Credit Corp.

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