Truist Bank Announces New Head of Structured Credit to Lead Asset-Based Lending in New York

Truist Financial Corporation announced that Mark Cuccinello has joined the company as Head of Structured Credit, overseeing asset-based lending, working capital solutions, and equipment finance. The appointment positions Truist to advance its structured credit strategy by aligning more closely with corporate and commercial banking teams to deepen industry relationships.

Cuccinello will be based in New York and report to Kathy Farrell, Head of Truist Asset Finance. In his new role, he will help businesses grow, manage liquidity, and invest in their operations through the bank's structured credit platform.

Strategic Leadership Hire From JPMorgan

Cuccinello brings extensive experience in asset-based lending origination and risk management to Truist. He joins 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.

"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."

Expanding Structured Credit Platform

Cuccinello's appointment underscores Truist's ongoing investment in its wholesale banking platform, which provides comprehensive solutions to commercial, corporate, institutional, and high-net-worth clients. The consolidation of asset-based lending, working capital solutions, and equipment finance under unified leadership signals the bank's intent to expand its structured credit capabilities.

"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."

The New York-based role reflects the strategic importance of the Northeast market for structured credit origination, particularly for emerging growth and mid-corporate companies requiring sophisticated financing solutions.

About Truist

Truist Financial Corporation is headquartered in Charlotte, North Carolina, and has leading market share in many high-growth markets in the U.S. The company 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, and payments.

Sources

Truist Media Release