SAN FRANCISCO, March 3, 2014 /PRNewswire/ -- Bank of the West has been named Best Private Bank in North America by Private Asset Management (PAM) magazine. Designed for investment professionals and wealth advisors operating within the private asset management industry, the PAM Awards recognize financial organizations that successfully service high-net-worth individuals in an increasingly complex economic environment.
"This award is a reflection of the commitment and dedication of our entire team in providing outstanding, results-oriented service for our clients," said John Bahnken, Group Head and Senior Executive Vice President of the Wealth Management Group at Bank of the West. "We've earned a strong reputation as a dynamic team of experienced and tenured advisors who serve as our clients' trusted partners. This award validates that we are hitting the mark."
A panel of independent industry experts and PAM representatives reviewed the candidate firms and selected winners in each category based on a mixture of qualitative and quantitative performance indicators in four areas, including client satisfaction, growth, financial progress and product innovation.
PAM will officially publish the list of winners in its March/April edition. More about the awards and PAM magazine can be found online at http://www.pammagazine.com/pam-awards-2014/.
Bank of the West Wealth Management provides wealth planning consulting, investment management*, personal banking, and trust services. The group is part of BNP Paribas' global wealth management business of more than 6,000 professionals in 30 countries worldwide with over $10 billion** in assets under management in the United States and $381 billion (€279 billion) in assets under management globally as of September 30, 2013.
About Bank of the West:
Founded in 1874, $65 billion-asset Bank of the West (www.bankofthewest.com), member FDIC and equal housing lender, offers a wide range of personal, commercial, wealth management and international banking services. The bank operates more than 600 retail and commercial banking locations in 19 Western and Midwestern states. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 80 countries with 190,000 employees, including 145,000 in Europe.
*Securities and variable annuities are offered through BancWest Investment Services, Inc., a registered broker/dealer, Member FINRA/SIPC. Financial Advisors are registered representatives of BancWest Investment Services, Inc. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California (License # 0C52321) and through BancWest Insurance Agency in Utah, and through BancWest Investment Services in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, GUAM and CNMI. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.
Bank of the West Wealth Management provides financial products and services through Bank of the West and its various affiliates and subsidiaries.
BancWest Investment Services is a wholly owned subsidiary of Bank of the West and a part of the Wealth Management Group. BancWest Corporation is the holding company for Bank of the West. BancWest Corporation is a wholly owned subsidiary of BNP Paribas.
Investment and Insurance Products are:
NOT FDIC INSURED - NOT BANK GUARANTEED - MAY LOSE VALUE - NOT A DEPOSIT - NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
** Including assets under supervision at BancWest Investment Services
SOURCE Bank of the West