PASADENA, Calif., and SAN FRANCISCO, April 26, 2016 /PRNewswire/ -- Bank of the West announces the opening of a new wealth management center in Pasadena, located at 587 East Colorado Boulevard, to service high-net-worth individuals, affluent families and business owners. The new center, which will focus on providing products and services to Bank of the West clients in Pasadena and surrounding areas, builds on an existing branch at the same address.
The addition of this center – a modern, 5,000 square foot space – deepens Bank of the West's presence in Southern California, with 15 branches in the surrounding area. The new center will be home to 14 dedicated wealth management professionals, as well as 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 Pasadena 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.
"Expanding our wealth team to this new space is a reflection of this team's performance, the growth this market has experienced, and our understanding of what clients in the Pasadena area need and want," said Pierre Ramadier, senior executive vice president and head of the Wealth Management Group at Bank of the West. "Additionally, opening this new center allows for all of our business partners – whether retail banking, wealth management, or small and medium-sized business banking – to work together in the same space, creating more seamless processes and a better end result for our clients."
The center will be managed by Jack Keleshian, senior vice president and market leader for Pasadena, who has been with Bank of the West in Pasadena for nearly five years. The new space boasts custom artwork, designed by a local artist, and features a glass light art wall showcasing rose flowers – a symbol of Pasadena's history. The lighting performance piece is LED-lit and programmed to change light, colors and atmospheric moods, resulting in a unique immersive experience. The Bank's effort to bring the new center to life with custom artwork is reflective of their commitment to the surrounding community.
"Pasadena is a thriving community, with many successful artists, educators, entrepreneurs, and business owners," Ramadier said. "We are pleased to offer these customers a new center – one place they can go for a full suite of wealth management services and products."
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 learn more about wealth management solutions, 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.
Investment and Insurance products:
NOT FDIC INSURED
NOT BANK GUARANTEED
MAY LOSE VALUE
NOT A DEPOSIT
NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY
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SOURCE Bank of the West