First Horizon names Truist exec as new chief monetary officer

First Horizon in Memphis, Tennessee, has recruited a finance and accounting government away from Truist Monetary to function its new chief monetary officer.

Hope Dmuchowski will be part of First Horizon on Nov. 29, the $88.5 billion-asset firm stated Tuesday. Dmuchowski, who can even maintain the title of senior government vice chairman, will serve on the manager administration committee and report back to President and CEO Bryan Jordan.

Dmuchowski spent 12 years at BB&T in Winston-Salem, North Carolina, holding a wide range of reporting and finance roles, earlier than the agency merged with Atlanta’s SunTrust Banks to type the $530 billion-asset Truist.

Since First Horizon closed its acquisition of Iberiabank final yr, it has reported higher-than-expected integration costs. On Tuesday, the corporate highlighted Dmuchowski’s expertise with the Truist merger.

“We’re very excited to welcome Hope to the First Horizon management crew as our new CFO,” Jordan stated in a press launch. “Hope’s vital merger integration expertise additionally provides her a novel understanding of the complexities, advantages and alternatives related to the mixture of two sizable organizations.”

Most just lately, Dmuchowski was head of economic planning and evaluation and administration reporting at Charlotte, North Carolina-based Truist. Earlier than that, she was Truist’s chief monetary officer of company banking and company teams.

Within the press launch Tuesday, Dmuchowski referred to First Horizon transferring past the method of integrating with Iberiabank.

“I’m thrilled to hitch First Horizon at this thrilling and pivotal time. I stay up for contributing to the general technique, notably as we transfer past the ultimate methods conversion and additional capitalize on the facility of the Firm’s greater development markets and diversified enterprise mannequin,” she stated.

Dmuchowski will succeed Anthony Restel, who turned interim CFO after William “BJ” Losch left First Horizon for Live Oak Bancshares in Wilmington, North Carolina. Restel, beforehand a longtime CFO at Lafayette, Louisiana-based Iberiabank, joined First Horizon in July 2020 when the corporate finalized its acquisition.

In a transfer that appeared to place Restel as a possible successor to Jordan, he was recently named president of regional banking, a job that oversees retail and industrial banking.

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