Bank wealth management: Executive moves – January 2016
June 22, 2016 2:49 PM
Execs Moving Up in Bank Wealth Management
What do Key Private Bank, Regions Bank, U.S. Bank, Wells Fargo Private and Wilmington Trust have in common? They all named new leaders to senior wealth management posts or related investment services businesses.
The newly appointed wealth management executives are presented here. – Margarida Correia
The newly appointed wealth management executives are presented here. – Margarida Correia
Joe Calabrese, Key Private Bank
Joe Calabrese joined Key Private Bank as national head of investments. In this newly created role, Calabrese develops and executes Key's private client and institutional investment strategy, which includes investment management services for affluent individuals, families, business owners and institutions.
Prior to joining Key Private Bank, Calabrese served as CEO of Geller Family Office Services, a role he held for more than two years.
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Key Private Bank names former chief of family office head of investments
Prior to joining Key Private Bank, Calabrese served as CEO of Geller Family Office Services, a role he held for more than two years.
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Kate Randall Danella, Regions Bank
Kate Randall Danella, an executive recruited in 2015 to motivate Regions Bank's wealth management business groups to work together, was named head of Private Wealth Management. Danella leads a team of professionals providing banking, trust and investment management services to affluent and high-net-worth individuals and families.
Danella joined Regions in July 2015 as wealth strategy and effectiveness executive. She succeeds Anne Copeland, who left Regions to pursue executive coaching opportunities.
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Regions names new leader of private wealth management
Danella joined Regions in July 2015 as wealth strategy and effectiveness executive. She succeeds Anne Copeland, who left Regions to pursue executive coaching opportunities.
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Ford Clary, U.S. Bank
Ford Clary joined U.S. Bank as managing director for the Private Client Reserve high-net-worth unit in Seattle. He leads the six-person personal trust team and works with clients and prospects and their legal advisers in the financial and estate planning process.
Clary was previously a fiduciary advisory specialist with Wells Fargo Private Bank and served in a fiduciary capacity as a senior trust officer at Merrill Lynch Trust Co. He began his career in the banking and financial services industry in 2007.
Clary was previously a fiduciary advisory specialist with Wells Fargo Private Bank and served in a fiduciary capacity as a senior trust officer at Merrill Lynch Trust Co. He began his career in the banking and financial services industry in 2007.
Terry Dolan, U.S. Bank
Terry Dolan, the head of U.S. Bank's wealth management and securities services division, was promoted to chief financial officer. He assumes his new position on Aug. 1.
Dolan replaces Kathy Rogers, who is stepping down due to changing family circumstances, the bank said.
Dolan has led the wealth management and securities services division since July 2010. Over the course of his 18-plus-year career at U.S. Bank, Dolan has led a variety of functions, including accounting and related operations, finance, tax, corporate insurance, corporate development and business integration.
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US Bank wealth management exec promoted to CFO
Dolan replaces Kathy Rogers, who is stepping down due to changing family circumstances, the bank said.
Dolan has led the wealth management and securities services division since July 2010. Over the course of his 18-plus-year career at U.S. Bank, Dolan has led a variety of functions, including accounting and related operations, finance, tax, corporate insurance, corporate development and business integration.
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Tim Dreiling, U.S. Bank
Tim Dreiling was promoted to regional investment director for U.S. Bank's Private Client Reserve high-net-worth unit in Kansas City. He was previously a portfolio management managing director.
In his new role, Dreiling supports leadership and investment professionals within the Reserve and remains involved in overseeing key client relationships in Kansas City.
Prior to joining the Reserve in 2011, Dreiling was a senior portfolio manager and investment strategist with CoreFirst Bank & Trust.
In his new role, Dreiling supports leadership and investment professionals within the Reserve and remains involved in overseeing key client relationships in Kansas City.
Prior to joining the Reserve in 2011, Dreiling was a senior portfolio manager and investment strategist with CoreFirst Bank & Trust.
Scott Schmid, U.S. Bank
Scott Schmid, a wealth management adviser and managing director for U.S. Bank's Private Client Reserve high-net-worth unit, was promoted to market leader in San Diego. He oversees the San Diego as well as the La Jolla office, which jointly employ 30 people. Schmid succeeds John Zygowicz, who retired in late 2015.
Paul Springmeyer, U.S. Bank
Paul Springmeyer, a senior portfolio manager for U.S. Bank's Private Client Reserve high-net-worth unit, was promoted to investment managing director in Minneapolis. He now leads a team of seven investment professionals.
Prior to joining the Reserve in February 2013, Springmeyer was a portfolio strategist in U.S. Bank's brokerage unit, a position he held for almost four years.
Prior to joining the Reserve in February 2013, Springmeyer was a portfolio strategist in U.S. Bank's brokerage unit, a position he held for almost four years.
John Zimmerman, U.S. Bank
John Zimmerman joined U.S. Bank as regional managing director of Ascent Private Capital Management, the bank's ultrahigh-net worth wealth management unit. He leads a team of approximately 10 professionals in Denver.
Zimmerman was previously president of asset-management firm Denver Investments. He replaces Paul Ferguson, who left Ascent last fall to join a New York-based private equity firm.
Read full story:
U.S. Bank hires regional leader of UHNW business
Zimmerman was previously president of asset-management firm Denver Investments. He replaces Paul Ferguson, who left Ascent last fall to join a New York-based private equity firm.
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Tim Traudt, Wells Fargo Private Bank
Tim Traudt, a senior managing director for Wells Fargo Private Bank's Great Lakes region, was named head of regional management. He is now responsible for leading the delivery of wealth services to clients of the private bank across all regions.
Traudt had led the Great Lakes region for the private bank since 2002. He began his career with Wells Fargo in 1982 when he joined Norwest Bank's community bank development program. He replaces Charles Daggs III, who retired in January.
Traudt had led the Great Lakes region for the private bank since 2002. He began his career with Wells Fargo in 1982 when he joined Norwest Bank's community bank development program. He replaces Charles Daggs III, who retired in January.
Larry Gore, Wilmington Trust
Larry Gore, Wilmington Trust's Northeast Region president, was promoted to senior vice president and co-manager of the firm's wealth advisory business. In his new role, he oversees wealth advisory services in New York, Connecticut, Massachusetts and Northern New Jersey markets, as well as offices in Atlanta, Florida and Los Angeles.
Gore joined Wilmington Trust in 2010 as president of the New York wealth advisory office before being promoted to Northeast Region president in 2014. Prior to joining Wilmington, Gore spent 18 years with UBS.
Gore joined Wilmington Trust in 2010 as president of the New York wealth advisory office before being promoted to Northeast Region president in 2014. Prior to joining Wilmington, Gore spent 18 years with UBS.
Sharon Klein, Wilmington Trust
Sharon Klein, a high-level wealth executive at Wilmington Trust, was promoted to president of the New York metropolitan region. She oversees all wealth advisory services for clients within the region.
Klein joined Wilmington Trust in 2013 as managing director of Family Office Services and Wealth Strategies for the New York metropolitan region. Prior to that, she was managing director and head of wealth advisory services for Lazard Wealth Management.
Klein joined Wilmington Trust in 2013 as managing director of Family Office Services and Wealth Strategies for the New York metropolitan region. Prior to that, she was managing director and head of wealth advisory services for Lazard Wealth Management.
