Bryn Mawr Trust (BMT), wholly owned by Bryn Mawr Bank Corporation
(NASDAQ: BMTC), announced today that Jeffrey Mills has joined their
wealth division as Senior Vice President and Chief Investment
Officer. Mr. Mills reports directly to Jennifer Dempsey Fox,
President of BMT Wealth Management, and will maintain an office at
the firm’s new Berwyn, Pa. location beginning September 16, 2019.
Jeff will be responsible for investment strategy
across BMT’s Wealth Management platform, including the development
of alternative capabilities to attract high net-worth and
ultra-high net-worth clients, as well as institutions, endowments
and foundations. He will lead firm-wide asset allocation decisions
and publication of investment thought leadership. Jeff will manage
BMT’s team of research analysts in addition to the Directors of
Fixed Income and Third-Party Services. He will also collaborate on
the direction and management of BMT’s team of portfolio
managers.
“Jeff is a well-known and respected financial
expert who possesses the rare combination of being strategic,
tactical and analytical in his approach to leadership, research,
investment management and portfolio composition,” said Ms. Fox.
“Jeff will significantly elevate the investment platform and
provide guidance to strategically grow the wealth division beyond
our current strong foundation. We are pleased to welcome him to the
BMT Wealth Management family.”
Jeff has more than 15 years of experience in investment
analysis, advisory, and strategy. Most recently, he was Managing
Director and Co-Chief Investment Strategist at PNC Financial
Services Group in Philadelphia.
Jeff holds a bachelor’s degree in international relations from
the University of Pennsylvania, Philadelphia, Pennsylvania, a
Master of Business Administration from the University of Oxford,
Oxford, U.K., and a Master of Science in management studies with a
concentration in asset management and investments from the
Massachusetts Institute of Technology, Cambridge, Massachusetts.
Jeff is a high-profile speaker and regular contributor to national
discussions on economic matters through his appearances as a
financial expert on programs such as CNBC, CNN and Yahoo
Finance.
Bryn Mawr Bank Corporation (NASDAQ: BMTC),
including its principal subsidiary, The Bryn Mawr Trust Company
(BMT), was founded in 1889, and is headquartered in Bryn Mawr, Pa.
BMT is a locally managed, premier financial services company
providing retail and commercial banking; trust administration and
wealth management; and insurance and risk management solutions.
Bryn Mawr Bank Corporation has $4.74 billion in corporate assets
and $14.82 billion in wealth assets under management,
administration, supervision, and brokerage (as of 6/30/19). Today,
the company operates 43 banking locations, five (5) wealth
management offices and two (2) insurance and risk management
locations in the following counties: Montgomery, Chester, Delaware,
Philadelphia, and Dauphin Counties in Pennsylvania; New Castle
County in Delaware; and Mercer and Camden Counties in New Jersey.
For more information, visit bmt.com.
FORWARD-LOOKING STATEMENTS AND SAFE HARBOR This
press release contains statements which, to the extent that they
are not recitations of historical fact may constitute
forward-looking statements for purposes of the Securities Act of
1933, as amended, and the Securities Exchange Act of 1934, as
amended. Such forward-looking statements may include financial and
other projections as well as statements regarding the Corporation’s
future plans, objectives, performance, revenues, growth, profits,
operating expenses or the Corporation’s underlying assumptions. The
words “may,” “would,” “should,” “could,” “will,” “likely,”
“possibly,” “expect,” “anticipate,” “intend,” “estimate,” “target,”
“potentially,” “probably,” “outlook,” “predict,” “contemplate,”
“continue,” “plan,” “forecast,” “project,” “are optimistic,” “are
looking,” “are looking forward” and “believe” or other similar
words and phrases may identify forward-looking statements. Persons
reading this press release are cautioned that such statements are
only predictions, and that the Corporation’s actual future results
or performance may be materially different.
Such forward-looking statements involve known
and unknown risks and uncertainties. A number of factors, many of
which are beyond the Corporation’s control, could cause our actual
results, events or developments, or industry results, to be
materially different from any future results, events or
developments expressed, implied or anticipated by such
forward-looking statements, and so our business and financial
condition and results of operations could be materially and
adversely affected. Such factors include, among others, our need
for capital, our ability to control operating costs and expenses,
and to manage loan and lease delinquency rates; the credit risks of
lending activities and overall quality of the composition of our
loan, lease and securities portfolio; the impact of economic
conditions, consumer and business spending habits, and real estate
market conditions on our business and in our market area; changes
in the levels of general interest rates, deposit interest rates, or
net interest margin and funding sources; changes in banking
regulations and policies and the possibility that any banking
agency approvals we might require for certain activities will not
be obtained in a timely manner or at all or will be conditioned in
a manner that would impair our ability to implement our business
plans; changes in accounting policies and practices; unanticipated
regulatory or legal proceedings, outcomes of litigation or other
contingencies; cybersecurity events; the inability of key
third-party providers to perform their obligations to us; our
ability to attract and retain key personnel; competition in our
marketplace; war or terrorist activities; our ability to complete
anticipated acquisitions and any material differences in the actual
financial results, cost savings and revenue enhancements associated
with our acquisitions; and other factors as described in our
securities filings. All forward-looking statements and information
set forth herein are based on Management’s current beliefs and
assumptions as of the date hereof and speak only as of the date
they are made. The Corporation does not undertake to update
forward-looking statements.
For a complete discussion of the assumptions, risks and
uncertainties related to our business, you are encouraged to review
our filings with the Securities and Exchange Commission, including
our most recent Annual Report on Form 10-K, as well as any changes
in risk factors that we may identify in our quarterly or other
reports subsequently filed with the SEC.
FOR MORE INFORMATION:Jennifer Dempsey
FoxPresident, BMT Wealth Management610.263.4600 Tina McDonaldSenior
Vice President, Marketing610.581.4875
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/68c2948f-368a-44cd-abdc-bf974cdaf1e5
Bryn Mawr Bank (NASDAQ:BMTC)
Historical Stock Chart
From Mar 2024 to Apr 2024
Bryn Mawr Bank (NASDAQ:BMTC)
Historical Stock Chart
From Apr 2023 to Apr 2024