SAN FRANCISCO, April 29, 2021 /PRNewswire/ -- Union
Bank today announced that Shawn
McElmoyl has joined as Managing Director and Private Wealth
Management Executive for Northern
California and the Pacific Northwest, reporting to the Head
of Wealth Management.
McElmoyl will be responsible for growing and managing a
high-caliber team of Private Wealth Advisors serving the needs of
high net worth individuals, non-profit organizations, business
owners, corporate executives, and professional service firms
throughout Northern California,
Oregon and Washington. Under his leadership, McElmoyl's
team will help drive wealth planning and financial strategies
leveraging investments1, risk management1,
trust and estate services, and banking services.
McElmoyl joins The Private Bank at Union Bank with more than 24
years of wealth management experience, with extensive knowledge
serving affluent and high net worth clients across the full wealth
management spectrum. He has deep experience leading strategies
around business owners and partnering across business lines to
create innovative relationships and spur whole wallet growth.
Prior to joining Union Bank, McElmoyl held roles with Wells
Fargo, Prudential Securities and Edward
Jones. In his most recent position, McElmoyl served as
Regional Managing Director for the Wealth Management business at
Wells Fargo, with responsibility for their private banking,
trust/fiduciary, investment, planning and insurance businesses in
the geographic markets of Central
California and Northern
Nevada.
He is a graduate of University of
Oregon and served for eight years in the U.S. Army. He is
also a charter board member for Veteran Starts and a Vice Chair for
Programs for Capital Region Family Business Center.
About MUFG Union Bank, N.A.
As of December 31, 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 $132 billion, as of December 31, 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
¥351.7 trillion (JPY) or $3.4
trillion (USD)2, as of December 31, 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.
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.
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.
1 Investment management services offered by MUFG
Union Bank, N.A. in conjunction with its subsidiary, HighMark
Capital Management, an SEC-registered investment adviser.
Brokerage and investment advisory services offered by UnionBanc
Investment Services LLC, an SEC-registered broker-dealer,
investment adviser, member FINRA/SIPC, and subsidiary of MUFG Union
Bank, N.A. Insurance services offered by UnionBanc Insurance
Services, a division of MUFG Union Bank, N.A., California State
Insurance License No. 0817733. Non-deposit investment and
insurance products: • Are NOT deposits or other obligations of, or
guaranteed by, the Bank or any Bank affiliate • Are NOT insured by
the FDIC or by any other federal government agency • Are subject to
investment risks, including possible loss of the principal amount
invested • Insurance and annuities are products of the insurance
carriers.
2 Exchange rate of 1
USD=¥103.5 (JPY) as of December 30,
2020
Press contact:
Liz Shapiro
(213) 236-4136
Elizabeth.shapiro@unionbank.com
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SOURCE Union Bank