Scott A. Stengel will join Truist Financial on Dec. 26 as senior executive vice president and chief legal officer, succeeding Ellen M. Fitzsimmons, who previously announced her plans to retire at the end of this year. Stengel will report to Bill Rogers, chairman and CEO of Truist, and serve as corporate secretary to the Truist board of directors and become a member of the bank’s operating council. He’ll be based in Charlotte, NC, at Truist’s corporate headquarters, where he’ll oversee all legal affairs and government relations.
“We’re pleased to welcome Scott Stengel to Truist to guide our legal affairs and government relations strategy at a critical time of rapid change in the industry,” Rogers said. “Scott is an entrepreneurial leader with deep financial services legal experience spanning corporate governance, compliance, digital innovation, cybersecurity, government relations and risk management and he possesses the right growth-oriented mindset to navigate industry headwinds while helping fulfill our purpose of inspiring and building better lives and communities.”
Stengel previously served as general counsel of Ally Financial since 2016, where he was responsible for the legal affairs, corporate secretary and government relations functions. Prior to that, he served as general counsel for UMB Financial Corporation, and as a partner at King & Spalding and Orrick, Herrington & Sutcliffe in Washington, D.C., with practices focused on global banking, capital markets and government relations.
“In her six years at Truist, Ellen Fitzsimmons’ exceptional, purpose-driven actions and leadership have left a positive, indelible mark on Truist, our clients, teammates, communities and stakeholders,” Rogers said. “We wish her the very best in her well-deserved retirement and congratulate her on a storied career.”
Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!