Regions Bank has hired an executive to help the wealth management business groups work together to bring in more business.
The Birmingham, Ala.-based bank drafted Kate Randall Danella from Capital Group to serve as wealth strategy and effectiveness executive for Regions Wealth Management, the bank announced on Thursday.
Danella will oversee the development and implementation of business strategies across Regions Private Wealth Management, Regions Institutional Services, Regions Investment Services and Regions Insurance, the four divisions that make up Regions Wealth Management.
At Capital Group, Danella most recently served as integrated marketing senior business manager, leading six strategic initiatives, including the development of new sales and marketing capabilities. She joined Capital Group in 2002 and served in sales, service, marketing and management roles in Los Angeles, San Francisco and New York.
"Kate brings a unique and impressive level of experience, including strategic planning, client services, business development and operational analysis, all of which will help us continue to build on our momentum," Bill Ritter, head of Regions Wealth Management, said in a statement. "She will work with the Regions Wealth Management business groups to make the most of partnerships across the bank to address the needs of our clients and communities."
In the second quarter, Regions Wealth Management generated $97 million in revenue, up 7.8% year-over-year, according to the bank's earnings released in July. The retail brokerage unit posted the greatest growth, jumping 18.2% to $13 million from $11 million a year ago.
"I look forward to working with all of our business groups to find areas where we can further our partnerships to reach more clients and deepen client relationships," Danella said in a statement. "By strategically aligning our resources, we can help more clients successfully navigate the evolving landscape surrounding investments and insurance while meeting their individual, long-term goals."