U.S. Bancorp announced that Aleem Gillani has been elected as a director of the company by its board of directors, effective immediately. He will serve on the Audit Committee and Risk Management Committee of the board. Gillani, 62, served as chief financial officer of SunTrust Banks Inc. from April 2011 until March 2018, before retiring from SunTrust in June 2018.

He previously served as SunTrust?s corporate treasurer from 2010 to 2011 and chief market risk officer from 2007 to 2010. Prior to joining SunTrust, he spent most of his career in risk management roles, including as the chief market risk officer of two other financial institutions, PNC Financial Services Group Inc. and FleetBoston Financial. Gillani has also been a member of the Board of Directors of the Federal Home Loan Mortgage Corporation (Freddie Mac) since 2019.

He was the founding chair of the Market Risk Council for the Risk Management Association (RMA) and previously served for many years as a director on the RMA board.