Mr Fuller’s responsibilities include directing the bank’s efforts related to wholesale deposits and all treasury management, commercial card, and merchant services.

Bill Rogers, executive vice president for corporate at SunTrust, said: This move is a clear reflection of David’s leadership of this important segment of our business and his contribution to its development.

It’s a dynamic time to be in the payments business, and with David’s expertise and oversight, we will be at the forefront of helping clients address the challenges they are facing and ultimately contribute to the success of their organizations.