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Truist Financial Corp. (NYSE: TFC) has named David Smith as head of Truist Mortgage.

Smith will succeed Chamberlain, who will continue to assist with the transition and retire from Truist effective July 31. Smith was previously president of Keller Home Financial Services, and earlier in his career he was president and CEO of CitiMortgage, a subsidiary of Citibank. In his new role, Smith will report to Truist Chief Retail and Small Business Banking Officer Dontá Wilson.

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“David’s experience and accomplishments as a leader in the mortgage industry position Truist to reimagine the future of Truist Mortgage for our clients,” said Wilson. “As we mark David’s installment as leader, I want to also express my gratitude for Todd Chamberlain’s leadership to help make the American dream of homeownership come true for millions of clients—truly building better lives and communities.”

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