Union Bank is building out its high-net-worth wealth management business.
The San Francisco bank has snagged three advisers from City National Bank and Wells Fargo and added them to the private wealth management team in California, the bank announced on Wednesday.
All three hires joined as private wealth advisers.
Simone Branigan, formerly a private client adviser with City National Bank, will serve the Beverly Hills, Santa Monica and Pacific Palisades markets and will be based in Beverly Hills.
Ralph Dickman, who joined the team in San Jose, was also previously with City National Bank, where he was a senior private client adviser. He will serve the San Jose and Palo Alto markets.
Mary Murray, a former wealth management adviser with Wells Fargo Private Bank, joined the team in Rancho Santa Fe and will serve both the Rancho Santa Fe and Northern San Diego markets.
The trio will work with a team of wealth management professionals across several disciplines to understand the concerns of high-net-worth clients, the bank said. All three report to Joe Sweet, managing director and head of Private Wealth Management.
"In order to meet the evolving demands of our clients and to continue to expand our presence, we are increasing the number of high-caliber wealth advisers," Michael Feldman, head of Wealth Markets at Union Bank, said in a statement.
The bank employs 19 private wealth management advisers and plans to double that number in the next 12 to 18 months, the bank said.
"The addition of Simone, Ralph and Mary to the private wealth management team allows us to expand our ability to meet the complex financial needs of our high-net-worth clients," Sweet said in a statement.
Union Bank has more than 350 branches in California, Oregon and Washington. It is a subsidiary of MUFG Americas, which is owned by Mitsubishi UFJ Financial.
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