Reuben Rashty Named Managing Director of Fifth Third Private Bank in Michigan
October 04 2016 - 11:00AM
Business Wire
Former JP Morgan Chase executive will also
serve as Executive Director of Mirador Family Wealth Advisors
Fifth Third Bancorp (Nasdaq: FITB) announced today that Reuben
Rashty has been named senior vice president, managing director,
Private Bank (Michigan) and executive director of Mirador Family
Wealth Advisors. He will report to Phil McHugh, executive vice
president and head of Fifth Third Wealth and Asset Management.
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Fifth Third Bancorp announced Reuben
Rashty has been named senior vice president, managing director,
Private Bank (Michigan) and executive director of Mirador Family
Wealth Advisors. (Photo: Business Wire)
“We are excited to add a leader with Reuben’s experience to
Fifth Third Private Bank,” McHugh said. “This is yet another sign
of our deep commitment to the Michigan market and to the Mirador
Family Wealth Advisors practice. Reuben’s outstanding track record
of client service will immediately add value to our existing
relationships and enhance our efforts to help families achieve
their financial goals.”
As a managing director of Fifth Third Private Bank, Rashty will
work to deliver strong local leadership to clients and prospects
throughout the state of Michigan. As head of Mirador, Rashty will
manage and build strategic relationships with ultra-high net worth
individuals.
Glen Johnson, managing director of Mirador Family Wealth
Advisors and one of its founders, will transition to a new
leadership role within the Wealth and Asset Management Division,
focused on providing wealth management solutions to Fifth Third
Bank’s Commercial clients.
Rashty has more than 25 years of banking experience and has been
recognized as a FIVE STAR Wealth Manager by Hour Magazine. He joins
Fifth Third from JPMorgan Chase, where he most recently served as
market manager of the Private Bank in Michigan, focused on
providing clients with comprehensive wealth management guidance
that included investments, banking and trust services. Prior to
that, he was head of domestic private banking for Israel Discount
Bank in New York City.
“I am thrilled to join the Private Bank team at Fifth Third,”
Rashty said. “I have long admired the Bank and its approach, and I
look forward to helping both Fifth Third and its clients succeed
over the long term.”
Rashty earned a degree in business administration, with an
emphasis in accounting, from Wayne State University. He is a member
of the Jewish Federation Finance Committee and a board director for
the American Technion Society.
About Fifth Third:
Fifth Third Bancorp is a diversified financial services company
headquartered in Cincinnati, Ohio. The Company has $144 billion in
assets and operates 1,191 full-service Banking Centers, including
94 Bank Mart® locations, most open seven days a week, inside select
grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan,
Illinois, Florida, Tennessee, West Virginia, Georgia and North
Carolina. Fifth Third operates four main businesses: Commercial
Banking, Branch Banking, Consumer Lending, and Wealth and Asset
Management. Fifth Third also has an 18.3% interest in Vantiv
Holding, LLC. Fifth Third is among the largest money managers in
the Midwest and, as of June 30, 2016, had $305 billion in assets
under care, of which it managed $26 billion for individuals,
corporations and not-for-profit organizations. Investor information
and press releases can be viewed at www.53.com. Fifth Third’s
common stock is traded on the Nasdaq® Global Select Market under
the symbol “FITB.” Fifth Third Bank was established in 1858.
Fifth Third Private Bank is a division of Fifth Third Bank
offering banking, investment and insurance products and services.
Fifth Third Bancorp provides access to investments and investment
services through various subsidiaries. Investments, investment
services, and insurance:
Are Not FDIC
Offer No Bank
May Lose
Are Not Insured By Any
Are Not A Insured
Guarantee
Value
Federal Government Agency
Deposit
Fifth Third does not provide tax or legal advice. Please consult
with your tax advisor or attorney for advice pertinent to you
situation.
Insurance products made available through Fifth Third Insurance
Agency, Inc.
Deposit and credit products provided by Fifth Third Bank.
Copyright © 2016. Fifth Third Bank, Member FDIC, Equal Housing
Lender, All Rights Reserved.
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Fifth Third BancorpSean Parker, 513-534-6791
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