LOS ANGELES, Nov. 30, 2018 /PRNewswire/ -- Union Bank today
announced that Daniel B. Allen has
joined its Investment Management & Trust Group as a Managing
Director and Head of Premier Trust. Premier Trust Services is
the centralized trust administration center consisting of five
service areas: Premier Trust Administration, New Account Opening
Unit, Account Closing Unit, Imaging, and Bill Pay. Allen reports to
David Pittman, Managing Director and
Head of Investment Management & Trust and Wealth Planning, and
is located in the bank's Los
Angeles office.
Allen is responsible for managing, leading, and developing his
team of financial professionals to ensure consistent delivery of
superior service, a comprehensive and efficient centralized
process, and risk-averse business practices. In addition, he
oversees the creation and implementation of initiatives to
transform and improve work production and efficiency; supports
acquisition and integration initiatives; and serves as an active
member of the group's fiduciary committees.
"Union Bank has built a solid reputation for serving the complex
needs of individuals, families and businesses by offering expert
advice and a variety of innovative products and services," said
Pittman. "Daniel Allen is an
important addition to our team of experts. His leadership
skills along with his extensive experience in Investment Management
& Trust operations, process administration, and change
management, will help us serve our clients and support our growth
in the IM&T sector."
Allen comes to the bank from Wells Fargo Bank Wealth Management
where he served in a number of leadership positions over the past
11 years. Most recently, he was Senior Vice President, Fiduciary
Management Services Director overseeing a team of trust specialists
responsible for personal trust administration. He also served as
Senior Vice President, Senior Regional Fiduciary Manager; and Vice
President, Senior Trust Team Manager. Allen began his career in
Chicago where he was the
owner-partner of Open Estate Planning, a boutique estate planning
law firm serving LGBTQ individuals and families.
"I chose to move to Union Bank because of its strong commitment
to its clients and its mission to become the world's most trusted
financial institution," said Allen. "I'm excited to work with David
and the outstanding team at Union Bank to serve our valued
clients."
Allen, who has relocated from Texas, is an active community volunteer and
most recently served as a board member of AIDS Services of
Austin in Texas. He looks forward to continuing his
community service in the Los
Angeles area.
Allen holds a Juris Doctor degree from Suffolk University Law School in Boston, and a bachelor's degree in
international studies from Loyola
University of Chicago. He is licensed to practice law
in the state of Illinois.
About The Private Bank
The Private Bank is an
exclusive part of Union Bank dedicated to the financial needs of
high net worth individuals, non-profit organizations, business
owners, corporate executives and professional service firms. The
Private Bank is built around teams of wealth management
professionals who deliver customized solutions centered on each
client's unique goals and dreams.
About MUFG Union Bank, N.A.
As of September 30,
2018, MUFG Union Bank, N.A. operated 354 branches, consisting
primarily of retail banking branches in the West Coast states,
along with commercial branches in Texas, Illinois, New
York, and Georgia, as well
as 22 PurePoint ® Financial Centers. We provide a
wide spectrum of corporate, commercial, and retail banking and
wealth management solutions to meet the needs of customers.
We also offer an extensive portfolio of value-added solutions for
customers, including investment banking, personal and corporate
trust, global custody, transaction banking, capital markets, and
other services. With assets of $124.0
billion, as of September 30,
2018, MUFG Union Bank has strong capital reserves, credit
ratings and capital ratios relative to peer banks. MUFG Union
Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE:
MUFG), one of the world's largest financial organizations with
total assets of approximately ¥306.4 trillion (JPY) or $2.7 trillion (USD)¹, as of September 30, 2018. The corporate headquarters
(principal executive office) for MUFG Americas Holdings
Corporation, which is the financial holding company, and MUFG Union
Bank, is in New York City. The
main banking office of MUFG Union Bank is in San Francisco, California.
1 Exchange rate of 1
USD=¥113.6 (JPY) as of September 28,
2018
Wealth planning strategies have legal, tax, accounting and
other implications. Prior to implementing any wealth planning
strategy, clients should consult their legal, tax, accounting, and
other advisers.
©2018 MUFG Union Bank, N.A. All rights reserved. Member
FDIC.
Union Bank is a registered trademark and brand name of MUFG Union
Bank, N.A.
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SOURCE Union Bank