Truist Securities hires 3 new managing directors

Atlanta-based Truist Securities, the corporate and investment banking arm of Truist Financial, has hired three managing directors to strengthen its industrials and services investment banking team, the company announced today.

Don Devendorf, who comes from Morgan Stanley and Bluejay Advisors, will lead the firm’s transportation and logistics sector, which includes transportation equipment leasing. Douglas Jarl will head aerospace, defense and government services after previously working at Barclays, Bank of America and TD Cowen. Josh Prangley, formerly with Greenhill and Co. and J.P. Morgan, will direct the building products and basic materials sector.

“We continue to strengthen our business across key sectors to enhance the innovative advice and solutions we provide our clients,” John Pilant, head of industrials and services investment banking and capital markets, stated in the release. “Their experience will be critical in helping our clients navigate these complexities and capitalize on new opportunities.”

The third annual Equipment Finance Connect at the JW Marriott Nashville in Nashville, Tenn., on May 14-15, 2025, is the only event that brings together equipment dealers and lenders to share insights, attend discussions on crucial industry topics and network with peers. Learn more about the event and register here.