Donny Tong

Donny Tong
Business Development Officer Truist Bank

711 5th Ave

6th Floor,

New York, NY 10022-3101

About me

Background

I’m a Business Development Officer with Truist Corporate Trust and Escrow, offering clients more than 18 years of corporate trust experience and a focus on reinsurance collateral trust services. I work 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.
I joined Truist’s predecessor firm, SunTrust Bank, in 2015. Prior to SunTrust, I 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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