Union Bank, N.A., has named Michael Mortensen CEO of its brokerage subsidiary, UnionBanc Investment Services, the bank announced Wednesday. He will oversee the bank's brokerage operation and all the registered representatives, Tom Taggart, a company spokesperson said.
Mortensen comes to Union Bank from Pittsburgh-based PNC Investments, where he was president and CEO, a role he held since 1997. Before joining PNC in 1994, he oversaw the annuity sales program of First Interstate Bank of California as a regional vice president for Essex Corp., a third-party marketer of financial products for banks.
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