Private Banks

Updated Wednesday, May 22, 2013 as of 10:18 AM ET

Private Banks

Webster Private Bank Names Chief Investment Strategist

Webster Bank has filled a critical role in the build-out of its wealth management business. It has named a native of Belgium chief investment strategist of Webster Private Bank.

Yves Cochez will manage the private bank�s portfolio management team and set the overall direction of investment management for high-net-worth clients, the bank announced Thursday. more »

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Umpqua Private Bank Targets Business Owners and Gen X Investors in Seattle

Elise Fortin, Umpqua Private Bank’s newly appointed leader in Seattle, believes that Umpqua’s “high-touch” offerings will resonate well with business owners and Gen X investors. more »

Citi Private Bank Names Global Chief Strategist

Steven Wieting, managing director and U.S. economist in Citi Research, will be responsible for formulating investment strategies for the business and its clients around the world. more »

How to Retain the Next Generation

Matt Matrisian of Genworth Financial Wealth Management outlines five tips for advisors to hold onto the next generation of their existing clients. more »

Umpqua Names Industry Veteran to Lead Private Bank’s Expansion into Seattle

Elise Fortin, a former executive of Wells Fargo Private Bank, will be responsible for leading Umpqua Private Bank’s expansion in the Puget Sound region. more »

Webster Private Bank Adds Senior Investment Manager

Madorie O’Hara, a former Citi Private Bank portfolio manager, will manage investment portfolios for Webster’s private banking clients. She will be based in Stamford, Conn. more »

Credit Suisse Attracts Super-Wealthy Clients to Boost Profitability

Credit Suisse Group AG said it’s increasing the proportion of assets under management from super- rich clients, helping to boost profit margins at Switzerland’s second-largest wealth business. more »

Atlantic Trust's New Owners Aim for $80 Billion Firm

After a $210 million sale, Atlantic Trust appears to be headed into high gear. more »

Webster Bank Ups Revenue from Wealth Business

In the first quarter of 2013, wealth and investment services generated $7.8 million in revenue, up 7% from a year ago. more »

Seven Reasons the Debate Over 'Too Big to Fail' Is Here to Stay

The debate over whether large banks are still "too big to fail" has spread like wildfire in recent months. more »

Raymond James Unveils New Advisor Pricing

Scott Curtis, president of Raymond James Financial Services, describes the new model and how it fits into the firm's plans for growth. more »

Citi Snags Latin America Wealth Expert to Lead Firm’s Expansion in South Florida

Luke Palacio will join Citi Private Bank as managing director and regional market manager for the South East region on March 18. He will look to expand the firm’s presence throughout South Florida beyond Miami, Boca Raton and Palm Beach. more »

Citigroup to Sell Delaware Trust Company to Reliance Financial

The transaction involves approximately 3,000 accounts and $1.7 billion in assets under administration, which represent non-target business for Citi Private Bank’s trust business. more »

Webster Bank’s Plan To Expand Wealth Business

“My number one objective is to grow revenues from the private bank and help to make it an even greater contributor to the growth of Webster Bank,” said Daniel FitzPatrick, the new head of the business. more »

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