SAN FRANCISCO, March 12, 2013 /PRNewswire/ -- Bank of the West today announced the opening of its wealth management center in Beverly Hills, located at 9401 Wilshire Boulevard. This center expands the bank's wealth management presence in the area as the third dedicated location in the Los Angeles metro region to serve affluent and high net worth wealth management clients.
Other locations include centers at 300 South Grand Avenue in downtown Los Angeles and at 587 East Colorado Boulevard in Pasadena.
The teams based at the centers address a full set of client financial needs with solutions ranging from deposit services and private mortgage banking to investment management, and trust and estate services. Business banking officers are embedded with the team to collaborate on services for business owners.
"We're very proud of our growing relationships with clients across the Los Angeles area, including those in Beverly Hills. We're pleased to open this new center to give them a convenient location appropriate for discussing their wealth management needs," said John Bahnken, head of the bank's Wealth Management Group and senior executive vice president. "These centers are another way in which we bring together professionals from across the bank to collaborate and provide clients with best-in-class services."
The Beverly Hills location is Bank of the West's seventh wealth management center. The bank has opened other dedicated wealth management centers during the past two years in San Francisco, San Jose, Palo Alto and Denver in addition to the the downtown Los Angeles and Pasadena locations.
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 $354 billion (€265 billion) in assets under management globally as of December, 2012.
About Bank of the West:
Founded in 1874, $63 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 700 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 nearly 200,000 employees.
*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