Coconate, who is based in the firm’s Palm Beach office, will report to Adam Douberly, director of regional markets. Coconate has taken on the post formerly held for four years by Mark Parthemer, who is now concentrating on an expanded role as chief wealth strategist, the firm said in a statement late last week.

Coconate will be mainly responsible for elevating Glenmede’s profile in Florida, attracting talent, and developing relationships with families of significant wealth, family offices, and professional advisors. He will lead a team of planning, fiduciary, and investment professionals.

With almost two decades’ industry experience, Coconate most recently served as director, senior banker, at Citi Private Bank. He has also served in leadership roles at Northern Trust, Bank Leumi USA, and Credit Suisse.

“Glenmede has seen both a significant rise in the migration of our existing clients and an increase in interest from prospective clients in the region. Joe brings the experience and leadership needed to support our thoughtful and disciplined growth,” Douberly said.

The firm opened its West Palm Beach office in November 2018.