R&T Deposit Solutions is pleased to announce the appointment of Michael Sutor as its new Managing Director of National Accounts.
Sutor has been an executive leader in the financial services industry for more than two decades, as well as a Certified Treasury Professional (CTP), who has focused on delivering global differentiation within Payments and Liquidity Management.
Sutor brings 26 years of banking industry experience to R&T, most recently as Managing Director of Liquidity Solutions at Santander Bank in Boston. Sutor’s long career includes leadership roles at Wachovia Bank, Regions Financial Corp., Huntington National Bank and Fifth Third Bank.
“R&T’s sole focus is to enhance the effectiveness of our programs and provide unmatched client service,” explains Michael Lydon, R&T’s chief executive officer. “Michael Sutor’s experience, business relationships, and industry knowledge aligns perfectly with our vision, core values, and service model. We are pleased to welcome Michael to the R&T family; as a great asset to our leadership team and a knowledgeable resource for our clients.”
Sutor holds a B.S. in Business Logistics from Pennsylvania State University, and an MBA from University of North Carolina at Greensboro’s Bryan School of Business and Economics.
Reich & Tang provides balance sheet and cash management solutions to US banks and other financial institutions. We provide a complete suite of bespoke liability solutions to our network of banks around the country. Our FDIC-insured cash sweep programs offer competitive rates and cash security through our sponsoring banks, broker-dealers, trust companies, and clearing platforms.