CLEVELAND, Feb. 15, 2017 /PRNewswire/ -- Key Private Bank, the wealth management division of KeyCorp (NYSE: KEY), has been recognized by Private Asset Management Magazine (PAM) for "Private Banking – Performance." This award is designed to honor the best private bank in North America that has a proven track record of excellence and overall performance during the last twelve months in the private banking arena. PAM is a leading publication that reports on the wealth management and family office industry. This distinct honor highlights Key Private Bank's commitment to delivering highly-customized, best-in-class wealth management and financial planning solutions through exceptional client service in the high-net-worth market.
The PAM Awards are designed for top investment professionals, wealth advisors, legal firms, consultants and other key service providers operating within the private asset management industry who have proved themselves over the course of the last year. The judging process, using an independent panel made up of industry experts, reviews a mixture of qualitative and quantitative performance indicators. Six firms were shortlisted for this award, based on a combination of customer and revenue growth, innovative product development and client satisfaction.
"We are honored to be recognized by Private Asset Management Magazine for our ability to deliver against the strategies we set forth for our clients," said Terry Jenkins, president of Key Private Bank. "That commitment to performance excellence is the hallmark of our business, and we continue to enhance our client experience and service model in 2017."
Key Private Bank's mission is to deliver proactive, personalized expertise and advice by combining the market insights of local advisors with a national team of wealth and investment strategists. Advisors may also leverage partnerships with business banking and capital markets teams to build customized wealth plans tailored to meet each client's specific need.
About Key Private Bank
Key Private Bank is a leading provider of wealth management solutions and advice to more than 24,000 high-net worth and ultra-high-net worth clients, including wealth advisory, investment management, trust administration, customized credit, family office and private banking services. Key's wealth management platform combines the market insights of advisors located in each local market with a national team of wealth and investment strategists to deliver proactive and personalized expertise and advice to clients. Advisors also leverage partnerships with Key's business banking and capital markets teams to build wealth plans tailored to meet each client's specific need. Key Private Bank's wealth management platform is delivered by more than 350 wealth advisors, located in 15 states across the United States. Key currently has $35.9 billion in AUM and $28.9 billion in AUA.
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies with assets of approximately $136.5 billion at December 31, 2016. Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 15 states under the name KeyBank National Association and First Niagara Bank, National Association, through a network of more than 1,200 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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