SunTrust Bank will use savings from reductions in its branch network to invest in the hiring of advisers, the bank's CFO Aleem Gillani said at the Credit Suisse financial services forum last week.

Gillani noted that the bank will be adding "targeted talent that will play more of an advisory rather than transaction-oriented role for the more complex needs of its targeted mass-affluent client base." He did not specify how many more advisers would be hired.

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