Bank of the West is one step closer to launching its ultrahigh-net-worth wealth management unit, hiring a prominent industry executive to build out the unit and lead it.
Steve Prostano, the former CEO of Silver Bridge Advisors, a well-known wealth management firm that was scooped up by a rival in 2013, joined Bank of the West's Wealth Management Group to develop services for ultra-wealthy individuals, families and family offices with more than $25 million in assets, the San Francisco-based bank announced this week.
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