Truist announces new Head of Structured Credit

Rhea-AI Summary

Truist (NYSE: TFC) appointed Mark Cuccinello as Head of Structured Credit, effective Jan. 15, 2026. He will oversee Asset-Based Lending, Working Capital Solutions, and Equipment Finance, be based in New York, and report to Kathy Farrell, Head of Truist Asset Finance. Cuccinello joins from JPMorgan Chase where he led asset-based lending origination in the Northeast. The role aims to align structured credit with corporate and commercial banking teams to deepen industry relationships and support client liquidity and growth. The appointment is presented as part of Truist's ongoing investment in its Wholesale Banking platform.

Positive

• Named experienced leader: Mark Cuccinello joining from JPMorgan Chase
• Consolidates Asset-Based Lending, Working Capital, Equipment Finance under one head
• Reports to Kathy Farrell, reinforcing Asset Finance leadership
• Role intended to align structured credit with corporate and commercial banking

Negative

• No financial targets or timelines disclosed for platform expansion

Key Figures

Share Price: $49.83 Today’s Volume: 10,667,583 shares 20-day Avg Volume: 7,807,932 shares +5 more

8 metrics

Share Price $49.83 Pre-news current price for TFC

Today’s Volume 10,667,583 shares Trading volume on news date

20-day Avg Volume 7,807,932 shares Recent average trading volume

52-week High $51.515 TFC 52-week trading range high

52-week Low $33.56 TFC 52-week trading range low

Market Capitalization $63,565,749,194 Equity value before this announcement

Buyback Authorization $10 billion Common stock repurchase program announced Dec 16, 2025

Total Assets $544 billion Total assets as of September 30, 2025

Market Reality Check

Price: $50.28 Vol: Volume 10,667,583 vs 20-d...

normal vol

$50.28 Last Close

Volume Volume 10,667,583 vs 20-day average 7,807,932 (relative volume 1.37x). normal

Technical Shares trade above 200-day MA of 43.77 at a price of 49.83, near the 52-week high of 51.52.

Peers on Argus

TFC up 0.28% with peers mixed: PNC and NU positive, ITUB modestly up, while DB a...

TFC up 0.28% with peers mixed: PNC and NU positive, ITUB modestly up, while DB and USB slightly negative, suggesting a stock-specific rather than broad sector move.

Historical Context

5 past events · Latest: Dec 23 (Neutral)

Pattern 5 events

Date	Event	Sentiment	Move	Catalyst
Dec 23	Earnings call details	Neutral	-0.1%	Announced timing and access details for Q4 2025 earnings call.
Dec 18	Digital banking update	Positive	-0.4%	Launched embedded direct deposit switching in digital account opening.
Dec 16	Share repurchase plan	Positive	-0.1%	Authorized new <b>$10B</b> common stock repurchase program replacing prior plan.
Dec 10	Rate change	Neutral	+0.3%	Lowered prime lending rate to <b>6.75%</b> from <b>7.00%</b> effective Dec 11.
Dec 10	Wealth platform launch	Positive	+3.4%	Introduced new mobile-forward investment and portfolio platform for wealth clients.

Pattern Detected

Recent positive strategic and capital-return announcements saw mixed short-term price reactions, with some divergences from seemingly shareholder-friendly news.

Recent Company History

Over the last few months, Truist reported multiple strategic and capital actions. A $10 billion common stock repurchase authorization on Dec 16, 2025 saw a slight negative next-day move, while a new digital wealth platform launch on Dec 10, 2025 aligned with a stronger 3.42% gain. Operational updates such as a prime rate cut to 6.75%, digital account enhancements, and upcoming Q4 2025 earnings details generated relatively modest price changes, indicating generally measured reactions to news flow.

Market Pulse Summary

This announcement highlights Truist’s focus on expanding its structured credit capabilities by appoi...

Analysis

This announcement highlights Truist’s focus on expanding its structured credit capabilities by appointing a new Head of Structured Credit to oversee asset-based lending, working capital solutions, and equipment finance. In recent months, Truist also authorized a $10 billion buyback and rolled out multiple digital and wealth platforms, underscoring a broader strategic build-out. Investors may track how this leadership change supports loan growth, credit quality, and returns within wholesale banking alongside upcoming earnings disclosures.

Key Terms

structured credit, asset-based lending, working capital solutions, equipment finance

4 terms

structured credit financial

"today announced that Mark Cuccinello has joined the company as Head of Structured Credit"

Structured credit is a way of bundling many loans or debt claims together and slicing that bundle into pieces with different levels of risk and return, like cutting a cake into layers where the bottom slice takes most of the crumbs and the top slice stays neat. Investors buy these slices to chase higher income or to shift credit risk, so understanding which layer you own, how the loans behave together, and how easy the slice is to sell matters for potential return and loss.

asset-based lending financial

"overseeing Asset-Based Lending, Working Capital Solutions, and Equipment Finance"

Asset-based lending is a type of loan where a borrower uses tangible assets — such as inventory, accounts receivable, equipment, or real estate — as collateral to secure credit. For investors, it matters because the quality and liquidity of the pledged assets affect the lender’s risk and the borrower’s borrowing capacity; like borrowing against items in a pawnshop, stronger assets generally mean safer loans and clearer recovery options if the borrower defaults.

working capital solutions financial

"overseeing Asset-Based Lending, Working Capital Solutions, and Equipment Finance"

Working capital solutions are short-term financing tools and services that help a company manage the cash it needs for everyday operations, like paying suppliers, payroll, and stocking inventory. Think of them as a liquidity cushion or a short bridge that smooths timing gaps between when money goes out and when revenue comes in; for investors, they matter because strong working capital management reduces cash-flow risk, supports growth, and can affect profitability and credit strength.

equipment finance financial

"overseeing Asset-Based Lending, Working Capital Solutions, and Equipment Finance"

Equipment finance is the practice of lending money or leasing arrangements that let businesses acquire machinery, vehicles, or technology without paying the full price upfront; think of it like a car loan or rental but for factory machines, computers, or medical devices. Investors care because these deals create steady interest and lease income, carry credit and collateral risk tied to the asset’s value, and tend to fluctuate with economic cycles and business investment, affecting lender profitability and loan portfolios.

AI-generated analysis. Not financial advice.

Mark Cuccinello to lead asset-based lending, working capital solutions, and equipment finance businesses

CHARLOTTE, N.C., Jan. 15, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today announced that Mark Cuccinello has joined the company as Head of Structured Credit, overseeing Asset-Based Lending, Working Capital Solutions, and Equipment Finance. In this role, Cuccinello will help advance Truist's structured credit strategy by aligning more closely with the corporate and commercial banking teams to deepen industry relationships and help businesses grow, manage liquidity, and invest in their operations. He will be based in New York and report to Kathy Farrell, Head of Truist Asset Finance.

"Mark brings significant expertise and a proven track record of building high-performing teams that deliver results," said Farrell. "His leadership further strengthens our ability to offer sophisticated solutions that support our clients and advance our purpose."

Cuccinello has extensive experience in asset-based lending origination and risk. He joins Truist from JPMorgan Chase, where he led asset-based lending origination efforts in the Northeast, overseeing a team covering emerging growth, middle-market, mid-corporate, and specialized industry companies.

"Truist has built a strong structured credit platform with a clear focus on execution," said Cuccinello. "I'm excited to build on that foundation and work with the team as we expand the platform to meet the evolving needs of clients and prospects."

Cuccinello's appointment underscores Truist's commitment to delivering best-in-class structured credit capabilities to clients across industries and its ongoing investment in its Wholesale Banking platform, which provides comprehensive solutions to commercial, corporate, institutional and high-net-worth clients.

About Truist
Truist Financial Corporation is a purpose-driven financial services company committed to inspiring and building better lives and communities. Headquartered in Charlotte, North Carolina, Truist has leading market share in many of the high-growth markets in the U.S. and offers a wide range of products and services through wholesale and consumer businesses, including consumer and small business banking, commercial and corporate banking, investment banking and capital markets, wealth management, payments, and specialized lending businesses. Truist is a top-10 commercial bank with total assets of $544 billion as of Sept. 30, 2025. Truist Bank, Member FDIC. Equal Housing Lender. Learn more at Truist.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/truist-announces-new-head-of-structured-credit-302661453.html

SOURCE Truist Financial Corporation

FAQ

Who is the new Head of Structured Credit at Truist (TFC) and when was the appointment announced?

Mark Cuccinello was named Head of Structured Credit and the appointment was announced on Jan. 15, 2026.

What businesses will Mark Cuccinello oversee at Truist (TFC)?

He will oversee Asset-Based Lending, Working Capital Solutions, and Equipment Finance.

Where will Truist's new Head of Structured Credit be based and who will he report to?

He will be based in New York and report to Kathy Farrell, Head of Truist Asset Finance.

What experience does Mark Cuccinello bring to Truist (TFC)?

He previously led asset-based lending origination in the Northeast at JPMorgan Chase.

What is the strategic purpose of the Head of Structured Credit role at Truist (TFC)?

The role is intended to align structured credit with corporate and commercial banking to deepen industry relationships and support client liquidity and growth.