Steve Prostano, formerly the president and COO of
Prostano is in charge of Fleets New York City, New Jersey and Pennsylvania private client markets and is responsible for building the firms ultra-high-net-worth business, which includes individuals with between $5 million and $10 million in investable assets. He will report to Kathleen McGillycuddy, head of Fleets private client group. The group has $50 billion in assets under management.
Prostano is being brought on to help the firm gain high-net-worth market share in new territories it gained through its acquisition of
In his career with J.P. Morgan Chase, Prostano played a utility role, overseeing the management of five of the companys private client, mutual fund, institutional, alternative and investment advisory businesses. He also oversaw the merger and integration of the firms global investment units with Chemical Bank when it was acquired by Chase.
Prior to his years with J.P. Morgan Chase, Prostano was a senior executive with
