Print this article

West Coast Bank Expands Wealth Management Team

Rachel Walsh

10 February 2009

California's First Private Bank & Trust is adding four new members to its senior management team. Michael Winiarski is to be executive vice president and chief finance officer, Jim Stephen will be executive vice president and managing director of Wealth Management, Adam Silverman is the new senior vice president and head of private mortgage banking and Caleb Willis was promoted to vice president and manager of SBA Lending.

"These additions to the leadership team at First Private bring banking, mortgage, and wealth management capabilities that better align with our core focus on providing exceptional private banking services," said V Charles Jackson, chief executive of First Private, in a statement.

"We now have the right people in place to aggressively execute on our strategy of pursuing growth in the Southern California region, a market which we believe has exceptional potential over the long-term," he said.

Together with the appointment of Mr Jackson as chief executive last summer, the arrival of this new group of executives represents significant progress for the bank as it intensifies its focus on providing private banking and wealth management services to high net worth individuals in Southern California.  

Mr Winiarski has held senior financial management positions for more than 25 years and possesses extensive experience throughout the banking services arena. This experience includes chief financial officer positions at two Southern California regional banks in addition to president, chief operations officer, and senior credit management roles. Mr. Winiarski's responsibilities have included traditional chief financial officer duties as well as compliance functions, risk management, external audit and warehouse lending.

Mr Stephen has a financial services background covering both the United States and Canada. He was previously a first vice president and senior director at Bank of New York Mellon. Mr Stephen has more than 20 years of investment management expertise and business development leadership roles spanning both coasts. His background also includes trust management and commercial credit.

From his prior work as a senior vice president at Beverly Hills Financial Group, Mr Silverman brings knowledge of the mortgage banking industry in the very high net worth areas of Southern California as well as mortgage business development and management experience.

Mr Willis has been with First Private since 2004. He has expertise in SBA lending targeting new and expanding business concerns.

First Private Bank & Trust provides private banking and wealth management to high net worth individuals and privately owned businesses.  It has more than $30 billion in managed client investments and $6 billion in banking assets.