Truist Financial appointed Denise M. DeMaio chief audit officer, effective Feb. 28. DeMaio will report directly to the audit committee of Truist’s board of directors and administratively to CEO Bill Rogers. She will succeed Dale Jeanes, who is retiring after 20 years leading this function and more than 33 years of service at Truist and BB&T.
DeMaio will lead Truist’s internal audit function and provide counsel to senior management on emerging risk trends from the vantage points of governance, processes, technologies and reporting.
“On behalf of Truist’s board of directors, senior management and teammates, we’re delighted to welcome Denise as the newest member of the bank’s executive leadership team,” Rogers said. “Denise’s deep internal audit and public accounting expertise and her innate capacity to create line of sight and inspire her colleagues to do the same will elevate Truist’s purpose-driven business. The transition in leadership will be seamless. Dale has been an invaluable member of our team and leaves behind a strong legacy of contribution and inspirational leadership. We wish Dale all the very best in his retirement.”
DeMaio is joining Truist from Mitsubishi UFJ Financial Group, where she oversaw the foreign banking organization’s internal audit function as managing director and chief audit executive in the Americas and executive officer and deputy global chief auditor. Prior to joining MUFG, she served as executive vice president and chief auditor in the United States at TD Bank, where she created centers of excellence and the U.S. audit operations/professional practices group, as well as a regulatory compliance and BSA/AML audit group.
DeMaio is a certified public accountant and risk professional and a board member of The Institute of Internal Auditors and YWCA Metropolitan Chicago. In 2021, American Banker named her one of the most power women in banking in the audit grouping.
