The Wealth Markets Group of Union Bank has a new chief.
Michael T. Feldman, the institution's former head of branch banking and private banking, now directs the Wealth Markets Group, which includes private wealth management, wealth planning, and trust and estate services as well as the bank's brokerage subsidiary, UnionBanc Investment Services, and its asset management unit, HighMark Capital Management.
Feldman took over the group from Dennis Mooradian, who retired earlier this month, Union Bank announced in a press release. He is based in Irvine, Calif.
Feldman joined Union Bank in 2009 and held a number of senior leadership roles before heading up Union's branch banking and private banking units. Before joining Union Bank, he was a managing director of retail banking at Countrywide Bank and president and CEO of Countrywide Investment Services.
In addition, the bank elevated a long-term member of HighMark's leadership team. David B. Wines was named president and CEO of the unit, replacing Mooradian who served as CEO. He will assume his expanded role while continuing as HighMark's chief fixed income officer, Union Bank said.
Both Feldman and Wines report to Tim Wennes, West Coast president and head of Retail Banking and Wealth Markets.
"We believe that these appointments underscore the depth of talent and experience within our wealth markets team," Wennes said in a statement. "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."
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