Private banking

Peapack Private Announces New York City Expansion

Retrieved on: 
Monday, April 8, 2024
Citigroup, Private, Growth, Corrado, Capital One, Business, JPMorgan Chase, Bryant University, Flagstar Bank, Capital, Treasurer, Commercial, Senior, Commercial bank, Marketing, Private banking, Professional services, Committee on Finance, PGC, Hofstra University, Signature Bank

Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private.

Key Points: 
  • Andrew, fresh off his long tenure from Signature Bank and its successor Flagstar Bank, is now the President of the Commercial Bank in New York for Peapack Private.
  • “We are continuing to move aggressively into New York City due to the market disruption that occurred last spring,” said Doug Kennedy, President and Chief Executive Officer of Peapack-Gladstone Bank.
  • “We were attracted to the single-point-of-contact model that Peapack Private offers, along with the added value of its wealth management solutions,” commented Corrado.
  • Peapack Private fully expects to continue offering its private banking service model to the Tri-State area and to grow in the coming years.

ServisFirst Bank Expands Footprint in Tennessee

Retrieved on: 
Monday, March 25, 2024
Banking, Other Professional Services, Accounting, Professional Services, University, Growth, Documentation, Assistant, Business, Megan, Business administration, Christian Brothers University, Commercial, Commerce, Private banking, Krista, Commercial bank, Bachelor of Business Administration, Managerial finance, Rhodes College, Region, University of Memphis, Treasury, Economics, Management

ServisFirst Bank , a subsidiary of ServisFirst Bancshares (NYSE:SFBS), proudly announces its expansion in the Tennessee region by adding a new office in Memphis, Tennessee.

Key Points: 
  • ServisFirst Bank , a subsidiary of ServisFirst Bancshares (NYSE:SFBS), proudly announces its expansion in the Tennessee region by adding a new office in Memphis, Tennessee.
  • Additionally, ServisFirst Bank Memphis brings on board Megan Latta as Treasury Management Sales and Trudy Griffin as Commercial Client Relationship Associate.
  • "ServisFirst Bank Memphis is thrilled to announce the opening of our new office, bringing together a team of trusted and experienced veteran bankers," states Joel E. Smith, Market President of ServisFirst Bank Memphis.
  • “We are excited to expand our Tennessee footprint with the opening of a new office in Memphis,” states Bradford Vieira, Regional President, and CEO of ServisFirst Bank Tennessee.

Sanctuary Wealth Continues to Add Veteran Industry Executives to Leadership Team

Retrieved on: 
Thursday, April 4, 2024
Freedom, Growth, UBS, Merrill (company), Wealth, Business, RIA, Leg, Private banking, Wells Fargo Advisors, BNY Mellon, Partner, Region, Wells Fargo, Financial adviser

INDIANAPOLIS, April 4, 2024 /PRNewswire/ -- Sanctuary Wealth (Sanctuary), home to the next generation of elite advisors, has announced the appointment of former Wells Fargo and UBS executive Michael Goldfader as its new West Coast Regional Managing Director. Mr. Goldfader brings 33 years of experience as a financial advisor and senior field leader to his role and joins a deep bench of wirehouse executives who have brought their skills and strategic relationships to Sanctuary.

Key Points: 
  • Ms. McIntyre also served as a financial advisor as well as in home office and field leadership positions at Merrill Lynch.
  • "Michael and Michelle are respected industry leaders I am proud to have as colleagues," said Mr. Fertitta.
  • Ms. McIntyre said, "I'm thrilled to be part of the future of wealth management we are building here at Sanctuary.
  • Adam Malamed, CEO of Sanctuary Wealth, concluded, "We continue to build out our senior leadership team with the best talent from across the industry and are excited to welcome Michael and Michelle to the firm.

New Merrill Portfolios Designed to Provide BofA Clients Predictable Income in Retirement

Retrieved on: 
Monday, March 25, 2024
Bank of America, CIO, Growth, Risk management, MAA, FDIC, Merrill (company), Bank, Merrill Edge, Trust, Private banking, Adviser, Retirement, Investment, Financial adviser

CHARLOTTE, N.C., March 25, 2024 /PRNewswire/ -- Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period.

Key Points: 
  • CHARLOTTE, N.C., March 25, 2024 /PRNewswire/ -- Bank of America today announced Merrill is offering new income-focused portfolios designed to deliver predictable income for retirees over a 25-year period.
  • "Having a predictable monthly income replacement vehicle helps retirees enjoy this phase of life with greater confidence in their long-term financial security."
  • Now available for Merrill Guided Investing and Merrill Guided Investing with Advisor clients, key features of the income-focused portfolios include:
    Income-focused strategy choices: Investors can choose strategies ranging from "stable income" to "income and growth" to best align with their time horizon, risk tolerance and more.
  • Merrill, Merrill Lynch, and/or Merrill Edge investment advisory programs are offered by Merrill Lynch, Pierce, Fenner & Smith Incorporated ('MLPF&S') and Managed Account Advisors LLC ('MAA') an affiliate of MLPF&S.

Berkshire Hills Bancorp Bolsters Commercial & Private Banking Franchise

Retrieved on: 
Thursday, March 21, 2024
Private, Growth, EVP, Health, Commercial, Senior, Private banking, Former, Berkshire Bank, Tutoring

BOSTON, March 21, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer.  

Key Points: 
  • Torrance Childs, Former President of Private Banking at Boston Private, 40-Year Boston Banking Veteran, Joins Berkshire to Accelerate Client Growth & Experience
    BOSTON, March 21, 2024 /PRNewswire/ -- Berkshire Hills Bancorp, Inc. (NYSE: BHLB), the parent company of Berkshire Bank, a relationship-driven, community-focused bank with financial centers in New England and New York, is pleased to welcome Torrance Childs, former President of Private Banking at Boston Private Bank & Trust, to the Company as Chief Commercial Deposit Officer.
  • In his new role, Childs will focus on delivering personalized service, customized solutions and an integrated platform across commercial and private banking.
  • He will report to Jim Brown, Senior EVP, Head of Commercial and Private Banking.
  • Childs will work closely with the Private Banking team, led by Managing Director Beth Mineo, and the commercial leadership team.

BofA Unifies Mobile Apps for Banking, Investing, and Retirement Into One Personalized Digital Experience

Retrieved on: 
Thursday, March 21, 2024
Transfer, Bank of America, Friends, Risk management, Digital, Bank, Small business, Merrill Edge, Private banking, Net worth, Retirement, Financial services

CHARLOTTE, N.C., March 21, 2024 /PRNewswire/ -- Bank of America has launched a massive update to its mobile app, reimagining how clients interact with their finances. As digital engagement continues to soar, 57 million digital clients can now view and manage their full financial lives through a new, unified digital platform that consolidates five apps – Bank of America, Merrill Edge, MyMerrill, Bank of America Private Bank and Benefits OnLine – into one personalized experience.

Key Points: 
  • "By combining five apps into one, we're putting clients at the center of the experience, with our full enterprise and next-gen technology at their fingertips."
  • The Bank of America mobile app is one of the first in the industry to combine banking, investing and retirement within one simplified mobile experience.
  • A streamlined Accounts Overview experience provides clients with a summary of their accounts across banking, investing, and retirement.
  • This week, the company's new unified mobile app experience was recognized with the 2024 Celent Model Bank award for Customer-Centered Innovation.

SEI Launches Advanced Multi-Custody Capability for U.S. Wealth Management Clients

Retrieved on: 
Thursday, March 21, 2024
Organization, Private banking, Aggregation, SWP, Financial services

OAKS, Pa., March 21, 2024 /PRNewswire/ -- SEI® (NASDAQ:SEIC) today announced that U.S. wealth managers utilizing the SEI Wealth PlatformSM (SWP) can view and manage assets custodied with third parties through an advanced integration with SWP's proprietary core accounting engine. SEI's enhanced technology combined with the strength of its operational processing and reconciliation services enables the enhanced aggregation of high-fidelity data.

Key Points: 
  • OAKS, Pa., March 21, 2024 /PRNewswire/ -- SEI ® (NASDAQ:SEIC) today announced that U.S. wealth managers utilizing the SEI Wealth PlatformSM (SWP) can view and manage assets custodied with third parties through an advanced integration with SWP's proprietary core accounting engine.
  • The SEI Wealth Platform's multi-custody capability not only empowers our clients to better serve their customers, but it can also create opportunities for them to gain new customers without requiring them to migrate custody of their assets.
  • We're excited to help our clients continue to transform their organizations and power the future of wealth."
  • Six U.S. wealth management clients are utilizing this capability through SWP, with more than a dozen preparing for future deployment.

Merrill Launches New Video Series: #WomenInvested Meet Ups

Retrieved on: 
Friday, March 15, 2024
Steps, Bank of America, Research, Finance, Risk management, Woman, MarketCast, Appetite, Bank, Small business, Digital, Private banking, Retirement, Multimedia, Financial adviser

NEW YORK, March 15, 2024 /PRNewswire/ -- Today, Merrill Wealth Management launched #WomenInvested Meet Ups: Real Conversations About Investing, a video series offering tips and insights in a jargon free zone to help women pursue their financial goals. The first installment is 'Women's Superpower: Investing' and highlights the essential role investing plays in helping women build a more secure financial future.

Key Points: 
  • The first installment is 'Women's Superpower: Investing' and highlights the essential role investing plays in helping women build a more secure financial future.
  • "From starting businesses and leading industries, women have made tremendous gains and today wield considerable economic influence," said Lindsay Hans , President and Co-Head of Merrill Wealth Management.
  • "Our goal with the #WomenInvested Meet Up series is to create forums for women to learn about important wealth building topics that is conducive to their busy lives."
  • 1 On behalf of Merrill, MarketCast conducted a quantitative survey of more than 900 U.S. adults with more than $250,000 in investable assets in December 2023.

Transformative Power of Technology: Digital Transformation Summit 2024 Set to Redefine South Africa's Tech Landscape

Retrieved on: 
Friday, March 8, 2024
Shift, Nation, Digital transformation, ICT, Algorithm, Blockchain, AI, Fertilizer, Capacity building, Internet of things, Digital electronics, African, Generative, Farmer, Digital, Standard Bank, Benefit, Fourth Industrial Revolution, CDO, ISACA, Private banking, Pesticide, Organization, Artificial intelligence, Web 3.0, Society, Agriculture, Potential, Absa Group Limited, Communication, Summit

The much-anticipated Digital Transformation Summit is set to take place on March 15, 2024, at the prestigious Sandton Convention Centre.

Key Points: 
  • The much-anticipated Digital Transformation Summit is set to take place on March 15, 2024, at the prestigious Sandton Convention Centre.
  • The 27th Edition of the Digital Transformation Summit, South Africa, aims to delve deep into how organizations are embracing digital transformation, navigating challenges across various technologies, and bolstering cybersecurity measures.
  • Dr. Thabiso Njongwe, Chief Digital Transformation Officer, Absa Group, will discuss "Sustainable Digital Shift in South Africa: Challenges, Opportunities, and Inclusivity."
  • Join us at the Digital Transformation Summit South Africa on March 15th at the Sandton Convention Centre to be part of this transformative event.

Mark Batten Joins Assured Guaranty’s Board of Directors

Retrieved on: 
Tuesday, February 20, 2024
Finance, Accounting, Professional Services, Asset Management, Insurance, PwC, Real estate, Risk management, Guarantee, Currency crisis, Learning, Assured Investment Management, Private banking, Assurance, London Stock Exchange, Liquid, Independent Insurance, Westminster School, Management

Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty) announced that Mark C. Batten has been appointed as a non-executive director to Assured Guaranty’s Board of Directors (Board).

Key Points: 
  • Assured Guaranty Ltd. (NYSE:AGO) (Assured Guaranty) announced that Mark C. Batten has been appointed as a non-executive director to Assured Guaranty’s Board of Directors (Board).
  • Mr. Batten will also continue to serve as the non-executive Chair of the board of directors of Assured Guaranty (UK) Limited (AGUK), Assured Guaranty’s U.K. insurance subsidiary.
  • “Mark Batten’s impressive professional background, along with his direct experience as a board member of AGUK, makes him an ideal addition to Assured Guaranty’s Board.
  • He brings a wealth of relevant experience to our Board,” added Dominic Frederico, President and CEO of Assured Guaranty.