Bloomberg News has reported that Truist Financial Corp. has added Credit Suisse Group AG managing director Chris Sanger, who led coverage of banks in the Americas for the firm’s investment banking arm.
Sanger, who is based in New York, will be a managing director in charge of banks, according to Bloomberg. The hire is part of an effort by Truist to expand its focus on regional banks after hiring Jerry Wiant earlier this year to lead its financial institutions practice. Sanger will report to Wiant.
Sanger joined Credit Suisse from Evercore Inc. in 2021. He had previously advised on deals including FCB Financial Holdings Inc.‘s sale to Synovus Financial Corp. in 2019 and TIAA‘s takeover of EverBank Financial Corp. in 2017. The banker has also held roles at UBS Group AG, Deutsche Bank AG and Merrill Lynch & Co., Bloomberg reported.