CLEVELAND, Feb. 7, 2020 /PRNewswire/ -- Key Private
Bank, the wealth management division of KeyCorp (NYSE: KEY), was
awarded for the best "Private Banking Client Service" and Key
Family Wealth, the multi-family office division of Key Private
Bank, was named "Best Outsourced CIO" at the Private Asset
Management (PAM) Awards in New York City.
For more than two decades, the PAM Awards have recognized
high performing firms and wealth advisors operating within the
private asset management industry. An independent panel of industry
experts evaluates both qualitative and quantitative performance
indicators to select the winners.
Key Private Bank was selected for the best "Private Banking
Client Service" from a shortlist of five distinguished private
banking firms. The award recognizes industry-leading firms
providing best-in-class services and innovative wealth management
solutions to clients. This is the third time Key Private Bank has
received an award for its client service.
Key Family Wealth was selected as "Best Outsourced CIO" from a
shortlist of five talented OCIO providers. The award recognizes
industry-leading firms providing best-in-class outsourced CIO
capabilities and services to clients. An OCIO is an arrangement in
which leading families or institutions engage a third party to
manage all or a portion of their investment portfolio.
These distinct awards highlight Key Private Bank's commitment to
delivering highly customized, best-in-class wealth management and
financial planning solutions through exceptional client service in
the high-net-worth and ultra-high-net-worth market. This is the
fifth consecutive year Key Private Bank has been honored with a
PAM Award.
"We are thrilled to be recognized by Private Asset
Management for our commitment to delivering exceptional client
service and investment management," said Terry Jenkins, president of Key Private Bank.
"The client experience is paramount to all that we do, and this
distinct honor highlights our commitment to delivering highly
customized, best-in-class wealth management and financial planning
solutions through exceptional service to the high-net-worth
market."
"Being recognized for the quality of our OCIO initiatives
showcases our commitment to providing industry-leading investment
management capabilities to families," said Gary Poth, head of Key Family Wealth. "Our
strategies are developed through a multi-generational lens that
reinforces family values and focuses on the long-term protection
and preservation of wealth."
About Key Private Bank
Key Private Bank is a leading
provider of wealth management solutions and advice for high-net
worth and ultra-high-net worth clients, including wealth advisory,
investment management, trust administration, customized credit,
family office and private banking services. Key's wealth management
platform combines the market insights of local advisors with a
national team of wealth and investment strategists to deliver
proactive and personalized advice and expertise to clients.
Advisors also leverage partnerships with Key's business banking and
capital markets teams to build wealth plans tailored to meet each
client's specific need. Key Private Bank's wealth management
platform is delivered across 15 of the
United States. Key Private Bank has $40.8 billion in AUM and $43.0 billion in AUA at December 31, 2019.
About Key Family Wealth
Key Family Wealth, the
multi-family office division of Key Private Bank, is one of the
largest multi-family offices in the country managing over
$13 billion in AUM. Key Family Wealth
develops sophisticated strategies that help ultra-high net worth
families nationally grow, retain and protect significant wealth
across generations. Backed by the highest service levels, clients
receive a dedicated team of regional advisors in investments, tax,
philanthropic, credit and estate planning providing services
including enterprise consulting, legacy planning, education
services, private foundation and accounting services.
About KeyCorp
KeyCorp's roots trace back 190 years to
Albany, New York. Headquartered in
Cleveland, Ohio, Key is one of the
nation's largest bank-based financial services companies, with
assets of approximately $145.0
billion at December 31, 2019.
Key provides deposit, lending, cash management, and investment
services to individuals and businesses in 15 states under the name
KeyBank National Association through a network of approximately
1,100 branches and more than 1,400 ATMs. Key also provides a broad
range of sophisticated corporate and investment banking products,
such as merger and acquisition advice, public and private debt and
equity, syndications and derivatives to middle market companies in
selected industries throughout the United
States under the KeyBanc Capital Markets trade name. For
more information, visit https://www.key.com/. KeyBank is Member
FDIC.
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SOURCE KeyCorp