Chad Parramore Elevates Synovus' Product Commercialization Strategy

Chad Parramore's Promotion at Synovus Bank

Synovus Bank has made a strategic decision to promote Chad Parramore to the position of executive director and head of product commercialization within its treasury and payment solutions division. This move is aimed at strengthening the bank's offerings in a continually evolving financial landscape.

New Responsibilities in Product Commercialization

In his new role, Parramore will spearhead the development of a robust product strategy and oversee the initiatives necessary for successful product commercialization. He will collaborate with various teams to ensure the launch strategies align with the bank's business objectives and cater to market needs. His responsibilities will also extend to managing data analytics, reporting, training, and marketing efforts.

Vision for Treasury and Payment Solutions

Katherine Weislogel, the head of treasury and payment solutions at Synovus, expressed confidence in Parramore's ability to lead in this capacity. “With Chad at the helm of product commercialization, his work will position us well for the fast-paced evolution of treasury and payment solutions,” she noted. This promotion acknowledges Parramore's deep expertise and dedicated engagement across various segments within the organization.

Career Journey Leading to Synovus

Chad Parramore's journey with Synovus began in 2019 when he joined as the senior director of treasury management sales. In this capacity, he provided insightful guidance to both team members and clients regarding treasury solutions, risk management, and the optimization of business processes.

Experience Prior to Synovus

Before his tenure at Synovus, Parramore amassed significant experience working in treasury sales and management at prominent institutions such as JPMorgan Chase, Wells Fargo, and Wachovia. His academic background includes a bachelor’s degree in business administration from Coker University, contributing to his comprehensive understanding of the banking sector.

About Synovus Bank

Synovus Bank is a Georgia-chartered bank that is FDIC-insured, offering a blend of commercial and consumer banking services. The bank's extensive portfolio includes specialized offerings such as private banking, treasury management, and wealth management solutions, among others. With a presence in multiple states, including Georgia, Alabama, South Carolina, Florida, and Tennessee, Synovus is recognized as a great workplace.

Future Directions and Growth

The elevation of Parramore signifies Synovus' commitment to enhancing its product offerings and adapting to market demands. The bank aims to continue innovating within treasury and payment solutions, ensuring that they remain competitive in a dynamic environment.

Frequently Asked Questions

What is Chad Parramore’s new role at Synovus Bank?

Chad Parramore has been appointed as the executive director and head of product commercialization at Synovus Bank.

What are Parramore's responsibilities in his new position?

He will develop product strategies, lead commercialization initiatives, and manage cross-functional teams for treasury and payment solutions.

What experience does Parramore bring to his new role?

Parramore has extensive experience in treasury sales and management at JPMorgan Chase, Wells Fargo, and Wachovia, as well as strategic leadership at Synovus since 2019.

What services does Synovus Bank offer?

Synovus provides a wide range of banking services, including private banking, treasury management, wealth management, mortgage services, and more.

How is Synovus recognized as a workplace?

Synovus Bank has been acknowledged as a Great Place to Work-Certified Company, highlighting its commitment to a positive work environment.

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