A total of 200 people will be hired by the SunTrust Banks Inc. (STI) in expanding its capital markets, stock research, and businesses, as well as in adding expertise that will target both the health care and energy industries.
The company’s plan will indicate a 20% improvement on the division’s headcount to about 1,200 people by the year 2016, the head of wholesale banking Mark Chancy said. There will be a boost in employment across the country, including New York and Atlanta. Addition of employees will be designated in the capital markets unit, both in debt and equities departments.
Chancy also said that the company has a competitive compensation scale with a very attractive culture and platform. Thus, acquiring and retaining top talents is highly possible. In November, he also shared his plan on adding 60 more employees towards the year-end. Further additions included 3 employees to focus on the equity research for energy and health care.