People Moves
Bank of the West Makes Management Changes
BNP Paribas subsidiary Bank of the West has made changes to its management team, appointing president and chief operating officer Maura Markus as manager of its regional banking and wealth management business.
Markus joined the bank in 2010 from Citibank, where she was head of international retail banking in the global consumer group. In addition to her new role, she will manage marketing and the “increasingly important area of multi-channel banking,” Bank of the West said.
It is not clear if she takes over these functions from someone else, and the bank could not be reached at the time of going to press.
In other changes, Thibault Fulconis, the bank’s vice chairman for finance and chief financial officer of its holding company, BancWest Corporation, will become vice chairman for commercial banking and consumer finance. He will maintain responsibility for corporate development.
Meanwhile, Duke Dayal will take over as CFO of the holding company, and has been promoted to senior executive vice president.
Markus, Fulconis and Dayal will report to Michael Shepherd, chairman and chief executive of Bank of the West and BancWest Corporation.
Last year Bank of the West announced initiatives to create a new private client services model targeting affluent and high net worth clients, including the creation of multiple private client advisor roles and the launch of five specialist “client centers” – four of which have now been opened. The key markets for the initiative include the San Francisco Bay and Los Angeles areas, CA, Orange County, CA, Denver, CO, Albuquerque, NM, Omaha, NE and Fargo, ND.
In April, the bank launched a private mortgage banking service for its affluent and high net worth clientele. The team includes private mortgage bankers and product development, underwriting and loan processing staff, which together will address the real estate financing needs of HNW individuals as part of the bank’s “expanding wealth management offering,” it said. Clients will be put in touch with the team via private client advisors at the bank’s wealth management unit.
