LOS ANGELES, Sept. 2, 2020
/PRNewswire/ -- Union Bank today announced that
Greg Haendel has joined as Managing
Director serving in a dual role as Fixed Income Strategy Executive
for the The Private Bank as well as Head of Fixed Income for
Highmark Capital Management Inc. (HighMark), its investment
management subsidiary. Haendel will be responsible for the
management and oversight of fixed income activities across The
Private Bank and HighMark, including fixed income research, trading
and portfolio management.
"Greg is a veteran leader in the fixed income space with a deep
background in fixed income investing, risk management and strategy
implementation that will help us further grow and deepen client
relationships," said David Pittman,
Head of Investments, Trust and Wealth Planning. "Not only will he
be a trusted advisor for our clients, he will also be a crucial
leader for our team to drive our fixed income business forward. We
are pleased to welcome him to the team."
Haendel will manage the Bank's fixed income division, including
oversight of the Core Fixed Income, Short-Term Fixed Income and
Tax-Free Fixed Income strategies, as well as Institutional
Liquidity Management for HighMark. He will also serve as a member
of the Investment Policy, Asset Allocation and Compliance
Committees at HighMark.
Prior to joining Union Bank, Haendel was a Senior Portfolio
Manager and Head of Investment Grade Credit for Tortoise Credit
Strategies. He brings over 20 years of investment management
experience, the majority of which have been in the fixed income
space, holding senior level- portfolio manager positions at
Bradford & Marzec, First Western Capital Management and AEGON
USA Investment Management, among
others. He received his undergraduate degree in Economics from
Amherst College and his MBA from The
Anderson School at UCLA. He is a CFA®
charterholder and a member of the Los Angeles Society of Financial
Analysts.
About MUFG Union Bank, N.A.
As of June 30, 2020, MUFG Union Bank, N.A. operated 348
branches, consisting primarily of retail banking branches in the
West Coast states, along with commercial branches in Texas, Illinois, New
York, and Georgia. We
provide a wide spectrum of corporate, commercial, and retail
banking and wealth management solutions to meet the needs of our
clients. We also offer an extensive portfolio of value-added
solutions for clients, including investment banking, personal and
corporate trust, global custody, transaction banking, capital
markets, and other services. With assets of $136.3 billion, as of June
30, 2020, 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
institutions with total assets of approximately ¥341.9 trillion
(JPY) or $3.2 trillion (USD)¹, as of
June 30, 2020. 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=¥107.7 (JPY) as of June 30,
2020
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 provide consultative relationships centered on
the client's unique goals and dreams.
About HighMark Capital Management, Inc.
HighMark
Capital Management, Inc. (HighMark), an SEC-registered investment
adviser, is a wholly owned subsidiary of MUFG Union Bank, N.A. (the
Bank), with $8.6 billion in assets
under management (as of June 30,
2020). Since 1919 HighMark including its predecessor
organizations have been managing institutional separate account
portfolios for a wide variety of for-profit and nonprofit
organizations, public agencies, and public and private retirement
plans. The Bank, a subsidiary of MUFG Americas Holdings Corporation
provides certain services to HighMark and is compensated for these
services. Investments employing HighMark strategies are NOT
insured by the FDIC or by any other federal government agency, are
NOT deposits or other obligations of, or guaranteed by, the Bank or
any Bank affiliate, and MAY lose value, including possible loss of
principal.
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.
The CFA® mark is the property of CFA Institute.
Press Contact:
Liz Shapiro
(213) 236-4136
elizabeth.shapiro@unionbank.com
View original content to download
multimedia:http://www.prnewswire.com/news-releases/greg-haendel-joins-the-private-bank-at-union-bank-as-fixed-income-strategy-executive-301122924.html
SOURCE Union Bank