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Fulton Financial hires Patrick Barrett to be new CFO

By - Last modified: October 25, 2013 at 10:05 AM

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Patrick Barrett
Patrick Barrett - (Photo / Submitted)

Lancaster-based Fulton Financial Corp. has named Patrick Barrett as the company's senior executive vice president, effective Nov. 4.

Barrett, who comes to Fulton from SunTrust Banks Inc., will become CFO at the end of the year with the retirement of Charles Nugent.

"Patrick's significant experience in the areas of corporate finance and investor relations will be extremely valuable in his new role," said E. Philip Wenger, Fulton's chairman, president and CEO.

Barrett will oversee the corporation's controllers and investment areas. He will advise senior management and the board of directors on all financial areas related to the company and will develop and enhance finance operational strategies by evaluating trends and establishing critical strategies, tactics and measurements.

He was CFO of SunTrust's wholesale bank, an integrated $66 billion platform of client businesses that includes corporate and investment banking, commercial and business banking, commercial real estate and treasury and payment solutions.

Prior to SunTrust, he worked with JPMorgan Chase & Co. in a number of senior finance and managing director roles in Asia. His last role with JPMorgan was deputy head and managing director of investor relations in New York.

Barrett earned his bachelor's degree in finance and accounting from the University of Alabama at Birmingham.

Fulton Financial, which is the parent company of Fulton Bank, trades its shares on the Nasdaq under the ticker symbol FULT. It reported third-quarter earnings earlier this week.

Jason Scott

Jason Scott

Jason Scott covers state government, real estate and construction, media and marketing, and Dauphin County. Have a tip or question for him? Email him at jasons@cpbj.com. Follow him on Twitter, @JScottJournal. Circle Jason Scott on .

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