Banking Leader Clyde Wendel to Join UMB Financial Corporation
June 09 2006 - 9:16AM
Business Wire
UMB Financial Corporation (NASDAQ: UMBF) is pleased to announce
Clyde Wendel will be joining the company as President, UMB Asset
Management and Managing Director, Private Banking. He will be
nominated to serve as Vice Chairman of UMB Bank, n.a. and will be a
member of the Company's Management Committee. In his new role,
Wendel will oversee Investment and Wealth Management, Private
Banking, Scout Investment Advisors, Institutional Sales and Service
and Corporate Trust. He will report to President and Chief
Operating Officer Peter deSilva. A long-time resident of the
Midwest, Wendel comes to UMB with more than 36 years of banking and
financial services experience. For the past 23 years, he has served
in executive positions with Bank of America, most recently as
President, Kansas City Region and Regional Executive for Bank of
America Private Bank. Prior responsibilities include international
banking and trade finance, national corporate accounts, treasury
management and corporate banking. "Clyde is well known and
respected for his expertise in banking and financial services, and
he will play a key leadership role executing UMB's business
strategy," said Mariner Kemper, Chairman and CEO, UMB Financial
Corporation. "Clyde's vast background is a great gain for UMB and
its customers, and he will be instrumental in building and
promoting our strong asset management business," said deSilva. "We
look forward to the tremendous opportunities his wealth of
experience and community leadership bring to our company." Wendel
currently serves as vice chairman of the Board of Trustees for
Rockhurst University and trustee of Midwest Research Institute. He
is a member of the Truman Medical Center board of directors, the
Civic Council of the Greater Kansas City, Business Council of the
Nelson Gallery and Corporate Council of the Kemper Museum. He is
past board chair of the Central City School Fund for the Diocese of
Kansas City-St. Joseph. He also is a former board member of the
American Jazz Museum at 18th and Vine and former Commissioner for
the Port Authority of Kansas City, Mo. Wendel earned a Bachelor's
Degree in Business from Ohio University and holds the following
securities industry designations: Series 7, 63, 66, 24, 53. UMB
Financial Corporation is a multi-bank holding company headquartered
in Kansas City, Mo., offering complete banking and related
financial services to both individual and business customers
nationwide. Its banking subsidiaries own and operate 141 banking
centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma,
Nebraska and Arizona. Subsidiaries of the holding company and the
lead bank, UMB Bank, n.a., include an investment services group
based in Milwaukee, Wisconsin, a trust management company in South
Dakota, and single-purpose companies that deal with brokerage
services, consulting services and insurance. UMB was named one of
Business Week's "Web Smart 50" companies in 2005.
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