SunTrust Banks, Inc. has announced that Brian K. Scherer has been named Senior Vice President, Director of the Equipment Management Group for SunTrust Equipment Finance & Leasing Corp., the company’s subsidiary that provides essential-use equipment financing for businesses and municipalities. He reports to Ken Turner, President of the group.

As Equipment Management Director, Mr. Scherer is responsible for managing all aspects of the leasing company’s capital equipment including collateral evaluations, portfolio management, asset disposition and renewal negotiation.  He joins SunTrust with over 25 years of domestic and international leasing and equipment management experience.  Brian has held key positions in asset management as well as general management at Cargill Leasing Corporation, GE Capital Vendor Finance, Compaq Capital, GATX Technology Services, and most recently, Deutsche Leasing USA.

“Brian brings strong leadership skills, broad asset knowledge and a proven track record of helping companies expand and refine their equipment management capabilities.  We are excited about the enhancements Brian will bring to our offerings," said Mr. Turner. 

Baltimore-based SunTrust Equipment Finance & Leasing Corp. provides strategic equipment financing solutions for commercial and public sector entities nationwide.  With specific expertise in construction, energy, healthcare, higher education, technology, transportation and municipal, SunTrust Equipment Finance & Leasing Corp. offers taxable and tax-exempt debt and leasing structures. 

SunTrust Banks, Inc., headquartered in Atlanta, is one of the nation’s largest banking organizations, serving a broad range of consumer, commercial, corporate and institutional clients.  As of June 30, 2011, SunTrust had total assets of $172.2 billion and total deposits of $124.9 billion.  The Company operates an extensive branch and ATM network throughout the high-growth Southeast and Mid-Atlantic states and a full array of technology-based, 24-hour delivery channels.  The Company also serves clients in selected markets nationally.  Its primary businesses include deposit, credit, trust and investment services.  Through various subsidiaries the Company provides mortgage banking, insurance, brokerage, investment management, equipment leasing and investment banking services. SunTrust’s Internet address is suntrust.com.