Michael Feldman Named Head of Wealth Markets for Union Bank
June 16 2015 - 08:00AM
Business Wire
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.
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Union BankJoanne CurranT +1-213-236-5017E joanne.curran@
unionbank.com
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