Donny Tong

Donny Tong
Senior Vice President Business Development Officer Truist Bank

711 5th Ave

6th Floor,

New York, NY 10022-3101

Donny.Tong@Truist.com

Phone 917-816-0033

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About me

Background

Donny Tong is a business development officer with Truist Corporate Trust and Escrow, offering clients more than 20 years of corporate trust experience and a focus on reinsurance collateral trust services. He works with internal bank partners and external clients to create collateral trust accounts as an alternative solution for underlying obligation postings related to captive, re-insurance, self-insurance, and surety bonds.

Donny joined Truist in 2015. Prior to that, he worked in the corporate trust businesses of BNY Mellon, Wells Fargo, and HSBC.  

Education

Bachelors of Business Administration, Finance
Pace University 1998 2002

Specialties

  • An agent who facilitates the pledge of cash or assets to support reinsurance obligations through a trust arrangement

  • An agent designated to hold and safeguard assets (typically cash and/or securities) on behalf of one or multiple parties

  • An independent third-party agent who holds funds or assets until the requirements contained in the escrow agreement have been met

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