SunTrust Names Institutional 401(k) Director

Mark Jones joined SunTrust Banks Inc. as director of sales and client service for its institutional 401(k) business.

Jones co-founded Invesco’s defined contribution (DC) division and was instrumental in the group’s growth, serving as head of sales and client service.

“Mark is a well-known and successful leader in the 401(k) industry, and we are pleased to have him join our team here at SunTrust,” said Stephen Yarbrough, head of SunTrust’s Institutional Investment Solutions business.

“We have been committed to providing retirement plan solutions for institutional clients for more than 50 years,” Yarbrough continued. “Providing 401(k) plans to our institutional clients and their employees is directly aligned with SunTrust’s broader purpose of ‘lighting the way to financial well-being.’ Having Mark join us is another step in our commitment to move our retirement business to the next level of excellence.”