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Michael Feldman named Head of Wealth Markets for Union Bank


Michael T Feldman has been appointed head of the Wealth Markets Group of Union Bank, which includes the company’s private wealth management, wealth planning, trust and estate services, as well as the bank’s brokerage subsidiary, UnionBanc Investment Services, and its asset management unit, HighMark Capital Management, a subsidiary of MUFG Union Bank.

Feldman (pictured) has held a number of senior leadership roles at Union Bank since joining the company in 2009, most recently as head of branch banking and private banking. He assumed the position in April, taking over the group from Dennis Mooradian, who retired on 12 June, 2015.

Feldman is based in Irvine, California, and reports to Tim Wennes, West Coast President and Head of Retail Banking and Wealth Markets.

Feldman also announced today that David B. Wines has been named President and Chief Executive Officer of HighMark Capital Management, overseeing its USD15.2 billion in assets. An industry veteran and long-term member of HighMark’s leadership team, Wines will assume this expanded role while continuing as HighMark’s Chief Fixed Income Officer.

Wines, a Chartered Financial Analyst, replaces Mooradian who served as CEO. Wines is based in San Francisco and reports to Feldman.

“We believe that these appointments underscore the depth of talent and experience within our wealth markets team,” says Wennes. “Union Bank has a breadth of expertise across a full range of products and services designed for the many high net worth clients and businesses in our markets. Under Mike’s leadership and with David’s oversight of our investment advisory firm, we are very well positioned to serve as trusted financial advisors to our clients as we help them achieve their financial goals.”

Before joining Union Bank, Feldman was a managing director of retail banking at Countrywide Bank and president and chief executive officer of Countrywide Investment Services, Inc. He also served as the community banking president at Wells Fargo. Feldman received a bachelor’s degree in business administration from California State University Fresno.

Wines previously worked at Zurich Scudder Investments as manager of short duration bond strategies before joining HighMark in 2004. He also served in the investment management units of Stone & Youngberg and Wells Capital Management. He received his undergraduate degree in finance from University of Oregon and his MBA from Golden Gate University.

“I look forward to working with David as we grow our business and expand our unique market position,” says Feldman. “We are fortunate to demonstrate to the institutional and investment advisory community the depth of our leadership within HighMark, and the importance we place on continuity and consistency for our clients.”

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