ALBUQUERQUE, N.M. and SAN FRANCISCO, April 27, 2016 /PRNewswire/ -- Bank of the West today announced the opening of a new wealth management center in Albuquerque, located at 500 Marquette NW, Suite 100, to service high-net-worth individuals, affluent families and business owners in one of the bank's expanding wealth markets. The new center, which will focus on providing products and services to Bank of the West clients in Albuquerque and surrounding areas, complements an existing branch at the same address.
The addition of this center – a modern, 3,998 square foot space – deepens Bank of the West's presence in Albuquerque, with 18 branches in the surrounding area. The new center will be home to 9 dedicated wealth management professionals with an average of 15-20 years' experience. The team also includes wealth advisors who work closely with business owners to address their unique needs across a full spectrum of wealth planning consulting, investment management, philanthropy, private banking and trust services.
Addressing the personal wealth needs of business owners is a key area of work for Bank of the West's Wealth Management Group. A number of wealth professionals working in the new Albuquerque wealth center have been trained and focus on business owners' personal finance and wealth management priorities, and how those needs can be managed in harmony with their small business banking needs.
"This new wealth center demonstrates our commitment to the community, the growth this market has experienced, and our understanding of what clients in the this area need and want," said Pierre Ramadier, senior executive vice president and head of the Wealth Management Group at Bank of the West. "We will work closely with our clients to bring together solutions from throughout the bank that meet their personal needs – whether its retail banking, wealth management, or small and medium-sized business banking."
The center will be managed by Andres Casas, vice president and market leader. The new space boasts artwork designed by a local artist and features a glass installation customized for the bank showcasing colors representative of the rich history of the Albuquerque area. The bank's effort to bring the new center to life with custom artwork is reflective of their commitment to the surrounding community.
Bank of the West is committed to providing resources to help high net worth individuals and small business owners succeed by spotlighting industry trends and offering wealth management solutions. To see the breadth of content to help with personal finance and wealth needs, visit the Bank of the West blog Your Wealth channel at blog.bankofthewest.com, where you can get insight into wealth management strategies and download the latest paper on how small business owners in any industry can plan for succession while considering their own personal wealth needs. You can also follow us on Twitter and Facebook for more tips and information.
About Bank of the West Wealth Management Group: Bank of the West Wealth Management provides wealth planning, investment management*, personal banking, philanthropy, and trust services. The group is part of BNP Paribas' global wealth management business of more than 6,300 professionals in 30 countries worldwide with more than $10 billion** in assets under management in the United States and €327 billion ($356 billion) in assets under management globally as of December 31, 2015.
About Bank of the West: Bank of the West is a regional financial services company chartered in California and headquartered in San Francisco with $75.7 billion in assets as of December 31, 2015. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 offices in 22 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with 185,000 employees.
*Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC, and SEC Registered Investment Advisor. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321), through BancWest Insurance Agency in Utah and through BancWest Investment Services, Inc. in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, GUAM and CNMI. Advisory Services are offered through BancWest Investment Services, an SEC-registered investment advisor. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors. BancWest Investment Services is a wholly owned subsidiary of Bank of the West and a part of the Wealth Management Group. BancWest Holding Inc. is the holding company for Bank of the West. BancWest Holding Inc. is a wholly owned subsidiary of BNP Paribas.
**Assets under management refers to assets under administration, management, advisement, and on deposit, including assets with our affiliate BancWest Investment Services ("BancWest") as of December 31, 2015.
Deposit and loan products offered by Bank of the West, Member FDIC and Equal Housing Lender.
In South Dakota, Bank of the West operates under the name Bank of the West California. Bank of the West Wealth Management offers products and services through Bank of the West and its various affiliates and subsidiaries.