Truist Financial named J. Christopher Ward to head its wholesale payments business, which encompasses treasury solutions, merchant services and commercial card solutions.
Ward will report to Truist Chief Consumer Finance and Payments Officer Michael Maguire and will be tasked with evolving and conveying comprehensive and integrated payment capabilities for the bank’s commercial customers, according to a press release on Monday (Aug. 1).
“Truist is committed to providing distinctive, secure and successful experiences for our clients,” Maguire said.
He added that Ward brings “deep subject matter expertise” to Truist in addition to a “strong track record of innovation and leadership.”
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Ward comes to Truist with over 30 years of payments experience including leadership roles in product management, strategy, sales, technology and operations. He comes to Truist from PNC, where he worked for 10 years, most recently as executive vice president and head of data, digital and innovation for treasury management.
He was also a senior vice president at Capital One for over two years, and prior to that, Wachovia, where was a senior vice president for more than 11 years, according to his LinkedIn profile.
“I’m excited to join Truist and even more excited about Truist’s commitment to investments in payments,” Ward said. “Payments will play an increasingly critical role in the future of banking, and I look forward to leading Truist Wholesale Payments and driving innovation and transformation for our clients.”
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Headquartered in Charlotte, North Carolina, Truist Financial trades on the New York Stock Exchange (NYSE) under the ticker (TFC). The financial services company offers a range of services including retail, small business, and commercial banking, asset management, capital markets, payments, specialized lending and wealth management. The bank reported total assets of $545 billion as of June 30