Truist expands Enterprise Payments sales leadership as payments growth accelerates

Truist (NYSE: TFC) named Geoff Gursel and Steven Shipp to expand segment-aligned sales leadership in Enterprise Payments as payments growth accelerates.

Rhea-AI Summary

Truist (NYSE: TFC) named Geoff Gursel and Steven Shipp to expand segment-aligned sales leadership in Enterprise Payments as payments growth accelerates.

Key highlight: treasury management fees grew 13% in 2025, driven by new client acquisition and deeper relationships, with a strengthening payments pipeline and continued investment to capture market share.

Positive

• Treasury management fees +13% in 2025
• Added two senior hires—Head of Middle Market Payments Sales and Head of Small Business Payments Sales
• Segment-aligned sales model scaled to capture market share and accelerate execution
• Strengthening payments pipeline signals sustained client demand for integrated capabilities

Negative

• None.

Argus Mar 10 session

-0.21% close to close Open Argus

Details

News Market Reaction – TFC

On Mar 10, the day this news came out, TFC closed 0.21% below the previous close.

Data tracked by StockTitan Argus for the Mar 10 session.

Key Figures

Treasury fee growth: 13% Experience at Citi: More than 20 years Tenure at Truist: 25 years

Treasury fee growth

13%

Growth in treasury management fees in 2025

Experience at Citi

More than 20 years

Geoff Gursel prior treasury and payments roles

Tenure at Truist

25 years

Steven Shipp experience at Truist in various roles

Historical Context

5 past events · Latest: Feb 26

5 events

1. Feb 26

   Leadership appointment

   24h Move

   +1.8%

   New head of mergers & acquisitions to drive platform growth.

2. Feb 25

   Crypto offering

   24h Move

   +1.8%

   Wealth unit added access to spot bitcoin ETFs for clients.

3. Feb 18

   Debt redemption

   24h Move

   -1.7%

   Plan to redeem $1.25B fixed-to-floating senior notes in 2026.

4. Feb 13

   Earnings schedule

   24h Move

   -0.3%

   Published 2027 earnings call dates and confirmed asset base.

5. Feb 12

   Open banking launch

   24h Move

   -3.6%

   Introduced first open banking integration via Mastercard platform.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

treasury management

1 terms

treasury management financial

"Segment-aligned sales teams driving double-digit treasury management gains"

Treasury management is a company's day‑to‑day handling of cash, short‑term investments, borrowing and financial risks to make sure bills are paid, excess cash is used wisely, and exposure to things like interest rates or foreign currencies is controlled. Think of it as running the company's checking account and emergency fund so operations keep flowing. For investors, strong treasury management signals that a company can meet obligations, fund growth without costly surprises, and protect value in changing markets.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Segment-aligned sales teams driving double-digit treasury management gains and a strengthening payments pipeline

CHARLOTTE, N.C., March 10, 2026 /PRNewswire/ -- Truist Financial Corporation (NYSE: TFC) today named Geoff Gursel and Steven Shipp to lead key sales segments in its Enterprise Payments business. The appointments expand a segment-aligned leadership model following strong performance in 2025, including 13% growth in treasury management fees. The increase was driven by new client acquisition and deeper relationships, and contributed to higher profitability across Truist's Wholesale businesses.

Improved performance and ongoing investment reflect disciplined execution and evolving client behavior, as commercial and middle-market clients consolidated more of their payment and cash-management activity with Truist. The strengthening payments pipeline signals sustained client appetite for integrated capabilities that simplify operations and improve liquidity visibility.

To capture greater market share, Truist named Gursel and Shipp to sales leadership roles across middle market and small business payments, respectively. The structure is designed to support clients with consistent execution as payments play a more central role in how they manage liquidity and transact day to day. 

• Gursel has been hired as Head of Middle Market Payments Sales, partnering across Wholesale Banking to drive growth, develop talent and accelerate execution. Based in Maryland, Gursel brings more than 20 years of experience at Citi, where he held senior roles across treasury, payments and transaction banking, most recently leading North America new business development for middle‑market and commercial clients.
• Shipp has been named Head of Small Business Payments Sales, leading Truist's payments sales strategy for small business clients with a focus on speed to market and simplification. Based in North Carolina, he brings 25 years of experience at Truist and will partner across Small Business Banking to deepen client relationships and bring integrated payment capabilities to market more quickly.

In addition to Gursel and Shipp, Truist appointed Elaine Kim and Rico Iacchetti in 2025 to lead payments sales for commercial banking and corporate banking, respectively. They join Andy Rankin, who leads payments sales for key industries, and Deb Burgess, who oversees specialty sales focused on complex client needs across the payments portfolio.

"We delivered strong results in 2025, driven by disciplined execution and growing momentum in payments," said Truist Head of Enterprise Payments Chris Ward. "With our Enterprise Payments sales leadership team fully in place, we're positioned to scale momentum — deepening client relationships, supporting deposit engagement and strengthening the purpose-driven performance of the franchise."

Truist Enterprise Payments is part of the Truist Wholesale Banking segment, 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 $548 billion as of Dec. 31, 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-expands-enterprise-payments-sales-leadership-as-payments-growth-accelerates-302707349.html

SOURCE Truist Financial Corporation

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who did Truist (TFC) appoint to lead Enterprise Payments sales on March 10, 2026?

Truist appointed Geoff Gursel as Head of Middle Market Payments Sales and Steven Shipp as Head of Small Business Payments Sales. According to Truist, these hires expand segment-aligned leadership to scale execution and deepen client relationships across payments.

What was Truist's treasury management fee growth in 2025 and what drove it?

Truist reported a 13% increase in treasury management fees in 2025. According to Truist, growth was driven by new client acquisition and deeper client relationships that boosted profitability across Wholesale businesses.

How will the new TFC appointments affect Truist's payments sales strategy for middle market and small business?

The hires align sales by segment to improve consistency and speed to market for payments. According to Truist, this structure aims to deepen relationships, accelerate execution, and bring integrated payment capabilities to clients more quickly.

Does Truist (TFC) see ongoing demand for integrated payments solutions?

Yes — Truist reports a strengthening payments pipeline and sustained client appetite for integrated capabilities. According to Truist, clients are consolidating payment and cash-management activity, increasing demand for simplified operations and liquidity visibility.

Which other leaders are part of Truist Enterprise Payments sales leadership alongside the new hires?

Existing leaders include Elaine Kim and Rico Iacchetti (appointed in 2025), Andy Rankin, and Deb Burgess. According to Truist, the full team covers commercial, corporate, industry, and specialty payments sales roles.