Harold Rhee Joins as a Wealth Management Consultant
SAN FRANCISCO, CA (July 19, 2017) — Union Bank today announced that Harold Rhee has joined its Wealth Markets team as a Vice President and Wealth Management Consultant. Based in San Francisco, Rhee reports to Jason P. Liu, Head of Wealth Planning, and Director of Sales Development and Training. This is the fourth appointment The Private Bank has announced in the Bay Area since the fall of 2016.
In this new role, Rhee will work with an exclusive group of Private Wealth Advisors, Private Bankers, and Financial Advisors to enhance customization of advisory services and financial products to affluent and ultra-high net worth clients. He is responsible for ensuring the bank's staff is centering client engagement on the fundamentals and rigor of wealth planning across all life events.
"Harold's appointment is part of our strategic plan to stay ahead of client needs while we continue to grow in this important market," said Michael Feldman, Head of Wealth Markets. "The appointment is a reflection of the focus we place on wealth planning that takes into account the individual, the family and their business financial goals and dreams. This includes putting great emphasis on working closely with our clients to execute on every aspect of their financial road map."
"We continue to assemble a highly experienced team of individuals that can assist clients with the development of holistic wealth plans, keep them on track to meet key milestones, address gaps, and ultimately help them achieve their financial goals," Jason Liu said. "Harold will provide our advisors and private bankers with the enhanced tools they need to find solutions to our clients' most critical wealth planning challenges."
Rhee joins Union Bank from Fidelity Investments where he was a Regional Planning Consultant. He brings more than 19 years of financial services experience. Rhee began his career as a Financial Advisor at Morgan Stanley where he held various roles in Northern California including Sales Manager, Branch Manager, and Complex Business Development Manager.
Rhee received his BA from Yale University and his Masters of Divinity from Union Theological Seminary in New York. He is passionate about animal rescue. Rhee and his family have adopted and fostered more than 60 dogs in the last four years.
In May, Union Bank announced the appointments of Tyler Brasfield and Lawrence Parente who joined the Private Wealth Management team in San Francisco, CA as Private Wealth Advisors. Brasfield joined as a Vice President and Parente joined as a Director. They report to Lisa Roberts, Head of Private Wealth Management for Northern California and the Pacific Northwest, who was appointed to her role in the fall of 2016.
About The Private Bank
The Private Bank is an exclusive part of Union Bank® dedicated to the financial needs of high net worth individuals, non-profit organizations, business owners, corporate executives and professional service firms. The Private Bank is built around teams of wealth management professionals who provide financial advice centered on each client's unique goals and dreams.
About The Wealth Markets Group
The Wealth Markets Group at MUFG Union Bank, N.A. includes the company's private wealth management, wealth planning, trust and estate services, as well as its investment advisory and brokerage subsidiary, UnionBanc Investment Services LLC (member FINRA/SIPC), its investment management subsidiary, HighMark Capital Management Inc., and its insurance division, UnionBanc Insurance Services, California State Insurance License No. 0817733. Non-deposit investment products: • Are NOT deposits or other obligations of, or guaranteed by, the Bank or any Bank affiliate • Are NOT insured by the FDIC or by any other federal government agency • Are subject to investment risks, including possible loss of the principal amount invested • Insurance and annuities are products of the insurance carriers. Wealth planning strategies have legal, tax, accounting and other implications. Prior to implementing any wealth planning strategy, clients should consult their legal, tax, accounting and other advisers.
About MUFG Union Bank, N.A.
MUFG Union Bank, N.A., is a full-service bank with offices across the United States. We provide a wide spectrum of corporate, commercial and retail banking and wealth management solutions to meet the needs of customers. We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services. With assets of $116.1 billion, as of March 31, 2017, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks. MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MTU), one of the world's largest financial organizations with total assets of approximately ¥303.3 trillion (JPY) or $2.7 trillion (USD)1, as of March 31, 2017. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company that holds MUFG Union Bank, N.A., is in New York City. The main banking office of MUFG Union Bank, N.A. is in San Francisco, California.
(1) Exchange rate of 1 USD=¥112.19 (JPY) as of March 31, 2017