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Wilmington Trust Nabs Client Advisors from First Citizens Bank and Franklin Templeton

By Alex Padalka April 22, 2019

Wilmington Trust has added two advisors to its wealth management team in Buffalo, N.Y., the company says.

Carol Stymiest joins as a wealth investment advisor from First Citizens Bank in North Carolina, where she was a portfolio strategist for high net worth investors and institutions, according to a press release from Wilmington Trust. Prior to First Citizens, Stymiest worked as a financial advisor at Morgan Stanley and an investment advisor and retirement planner at Royal Bank of Canada, Wilmington Trust says.

In addition, Thomas Waters joins Wilmington Trust as a senior private client advisor, the company says. Waters was previously a senior institutional defined contribution strategist with Franklin Templeton, working with plan sponsors who managed more than $1 billion in retirement assets, according to the press release. Prior to that role, he had stints at JPMorgan and Putnam Investments, Wilmington Trust says.

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Bank of the West Loses Client Advisor to Union Bank

Union Bank has poached a client advisor from Bank of the West Wealth Management, Union Bank says.

Negin Banaei joins Union Bank as a private wealth advisor in its San Diego office, according to a press release from the company. She will work with high net worth investors and families on customized banking, credit and wealth management solutions, Union Bank says.

Banaei has 14 years of experience in the wealth management space, according to the press release. Prior to joining Union Bank, she was a senior private client advisor and vice president at Bank of the West’s wealth management business, Union Bank says. She’s also had stints at HSBC Securities and Wells Fargo, according to the press release.

"Negin’s robust understanding of comprehensive wealth planning and the innovative strategies required to address the complex financial lives of our clients and execute their plans make her an invaluable part of our team,” Stephen Sherline, managing director of Union Bank Private Wealth Management, says in the press release.