Regions Bank appointed Tom Speir head of strategy and corporate development. Speir will report to David Turner, CFO of Regions Bank, and succeed Nikki Stephenson, who recently joined Regions Bank’s corporate banking group as head of credit products.
In his role, Speir will lead the bank’s enterprise-wide strategic planning process and corporate development initiatives. He will be responsible for the bank’s mergers and acquisitions strategy, identifying opportunities for Regions Bank to further expand its range of specialty capabilities and financial services for clients across the banking sector. He will also oversee the bank’s small business investment company (SBIC) and strategic equity investment programs.
Speir brings 20 years of experience to his new role. He previously served as assistant treasurer and head of balance sheet management for Regions Bank. He was responsible for the bank’s interest rate, liquidity and capital management strategies. Speir also had oversight of the bank’s securities portfolio, interest rate risk hedging strategies and development and execution of the company’s capital planning process. As a result, Speir has worked closely with Regions Bank’s business groups to advise on overall strategies, including critical product pricing and capital allocation decisions.
Speir joined Regions Bank in 2009 after spending his early career at Wachovia Bank in Charlotte, NC, where he served as securitized products portfolio manager in the treasury department with a focus on balance sheet management and credit hedging strategies.
“Tom has a deep understanding of the competitive financial services marketplace, and he brings an analytical, customer-focused approach to large-scale initiatives,” Turner said. “He and his team will focus on the products and services that are in greatest demand throughout our footprint, helping us advance our strategic plan and drive long-term, sustainable growth.”
“Regions Bank operates with a forward-looking, innovative mindset, and we have solid opportunities to grow our business by connecting with new clients and adding further capabilities to meet the unique financial needs of consumers and companies alike,” Speir said. “I am looking forward to driving initiatives that reinforce the company’s unique culture, deliver clear business results and foster even more innovation to further position the bank for our exciting future ahead.”
Speir serves on the advisory board for Teach for America Alabama. In addition, he serves as co-chair for Regions Bank’s 2022 United Way campaign.
