Bank Reps on the Move
For bank reps looking to advance their careers, thereís no better news than a promotion or a new job offer. Hereís a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.
Paul Cummings joined Abbot Downing, the ultra-high-end wealth management business of Wells Fargo, as regional managing director for the Northeast Region. He oversees the delivery of asset management, banking, planning, trust and fiduciary, and family dynamics services in New York and Philadelphia. Cummings was formerly managing director and head of Channel Management for Merrill Lynchís Managed Solutions Group.
Garrett Alton, BNY Mellon Wealth Managementís former managing director of sales for Georgia, was promoted to a newly created role overseeing the firmís business development efforts and sales teams in the Central and Mid-Atlantic U.S. regions. Prior to joining BNY Mellon in 2009, Alton was a senior financial advisor at Merrill Lynch in Atlanta, where he focused on business development.
Chahin Pahlavi joined BNY Mellonís wealth management office in Manhattan as a private banker. He was previously with Modern Bank for five years, where he served as managing director and private banker to high-net-worth clients. Prior to that, he was a private banker with HSBC Private Bankís high-net-worth group, where he managed a client portfolio of $250 million.
Lance Losey joined Ascent Private Capital Management of U.S. Bank as managing director of Wealth Strategy. He provides multigenerational planning, family governance and trust and fiduciary advisory services to Ascentís ultra-high-net-worth clients in Seattle. Before joining Ascent, Losey served as partner and chairman of an estate planning and probate practice group within a Seattle law firm.
Mary Welk, a former managing director and wealth management advisor with U.S. Bank, was appointed managing director of Client Advisory for the bankís Ascent Private Capital Management business. In her new role, Welk serves as a primary point of contact for Ascentís high-net-worth clients in Seattle. Prior to joining U.S. Bank in 2010 as managing director of Trust, she was CEO of a large family office.
Lisa Simonson joined Ascent Private Capital Management of U.S. Bank as director of Financial Administration and serves as chief family financial officer for Ascentís ultra-high-net-worth clients in Seattle. She was previously a senior client analyst with Laird Norton Tyee in Seattle, where she served as co-advisor for several families.
Kato Wade also joined Ascent Private Capital Management of U.S. Bank in Seattle. In his role as director of Client Experience, he oversees and supports the delivery of services to Ascentís ultra-high-net-worth clients, those with more than $25 million in investable assets. He was previously assistant vice president and trust officer for the bankís Private Client Reserve business, which caters to high-net-worth clients.
Hereís a sampling of bank reps who were recently promoted or moved to new organizations to assume roles of greater responsibility.