New CEO of Investment Management Subsidiary Also Announced

Michael T. Feldman has been appointed head of the Wealth Markets Group of Union Bank, which includes the company’s private wealth management, wealth planning, trust and estate services, as well as the bank’s brokerage subsidiary, UnionBanc Investment Services, LLC, and its asset management unit, HighMark Capital Management Inc., a subsidiary of MUFG Union Bank, N.A.

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Michael T. Feldman (Photo: Business Wire)

Feldman has held a number of senior leadership roles at Union Bank since joining the company in 2009, most recently as head of branch banking and private banking. He assumed the position in April, taking over the group from Dennis Mooradian, who retired on June 12, 2015.

Feldman is based in Irvine, California, and reports to Tim Wennes, West Coast President and Head of Retail Banking and Wealth Markets.

Feldman also announced today that David B. Wines has been named President and Chief Executive Officer of HighMark Capital Management, overseeing its $15.2 billion in assets. An industry veteran and long-term member of HighMark’s leadership team, Wines will assume this expanded role while continuing as HighMark’s Chief Fixed Income Officer.

Wines, a Chartered Financial Analyst, replaces Mooradian who served as CEO. Wines is based in San Francisco and reports to Feldman.

“We believe that these appointments underscore the depth of talent and experience within our wealth markets team,” said Wennes. “Union Bank has a breadth of expertise across a full range of products and services designed for the many high net worth clients and businesses in our markets. Under Mike’s leadership and with David’s oversight of our investment advisory firm, we are very well positioned to serve as trusted financial advisors to our clients as we help them achieve their financial goals.”

Before joining Union Bank, Feldman was a managing director of retail banking at Countrywide Bank and president and chief executive officer of Countrywide Investment Services, Inc. He also served as the community banking president at Wells Fargo. Feldman received a bachelor’s degree in business administration from California State University Fresno.

Wines previously worked at Zurich Scudder Investments as manager of short duration bond strategies before joining HighMark in 2004. He also served in the investment management units of Stone & Youngberg and Wells Capital Management. He received his undergraduate degree in finance from University of Oregon and his MBA from Golden Gate University.

“I look forward to working with David as we grow our business and expand our unique market position,” said Feldman. “We are fortunate to demonstrate to the institutional and investment advisory community the depth of our leadership within HighMark, and the importance we place on continuity and consistency for our clients.”

About MUFG Union Bank, N.A.

MUFG Union Bank, N.A., is a full-service bank with offices across the United States. We provide a wide spectrum of corporate, commercial, retail banking and wealth management solutions to meet the needs of customers. We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $113.0 billion, as of March 31, 2015, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of the world’s largest financial organizations with total assets of approximately ¥286 trillion, as of March 31, 2015. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.

About HighMark Capital Management, Inc.

San Francisco-based HighMark Capital Management, Inc. (HighMark), is an SEC-registered investment adviser, with $15.2 billion in assets under management (as of March 31, 2015). Since 1919 HighMark and its predecessors have been managing institutional separate account portfolios for a wide variety of for-profit and nonprofit organizations, public agencies, public and private retirement plans, and personal trusts of all sizes. HighMark also serves as sub-adviser for mutual funds, common trust funds and collective investment funds. HighMark is a wholly-owned subsidiary of MUFG Union Bank, N.A. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group, one of the world’s largest financial organizations. To learn more about HighMark please visit at highmarkcapital.com.

Investments employing HighMark strategies are NOT insured by the FDIC or by any other Federal Government Agency, and NOT Bank deposits, are NOT guaranteed by the Bank or any Bank affiliate, and MAY lose value, including possible loss of principal.

Union BankJoanne CurranT +1-213-236-5017E joanne.curran@ unionbank.com

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