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Union Bank Announces New Leadership for Institutional Services Division
For Immediate Release
SAN FRANCISCO, January 31, 2011 – Union Bank, N.A., today announced that Senior Vice President Marianne Bamonte, a veteran of the custody, investment, and trust services industry, has been named manager of the Institutional Services division. In her new role, Bamonte will lead corporate trust, custody, labor management trust, and retirement plan services. She reports to Senior Executive Vice President JoAnn Bourne, head of the Global Treasury Management Group. Based in San Francisco, Bamonte succeeds Greg King, who retired in December, 2010.
"Marianne brings more than 25 years of custody and trust experience to this important leadership position," said Bourne. "Since joining Union Bank two years ago, Marianne has contributed to the growth of Institutional Services through her leadership and management skills as well as by providing a balanced risk return approach to the business. Marianne is a strategic successor to this position who will help lead our future goals."
"I look forward to fostering ways of expanding Union Bank’s money market portal capabilities, diversifying corporate trust revenues in the project finance and escrow markets, and continuing steady growth in specialty and traditional markets for custody and trust services," said Bamonte. "This includes working well within Global Treasury Management and building upon Union Bank’s successful history of partnering with The Bank of Tokyo-Mitsubishi, UFJ our parent organization, to collaborate client services on all fronts."
Bamonte started her career in financial services in 1979 at the Long Island Trust Company and later became a National Trust & Custody Business Development Officer for Bank of America. At LaSalle Bank, Bamonte shifted her focus to client relationship and product management, ultimately reaching Senior Vice President of LaSalle Global Securities & Trust Services. Prior to Bamonte’s current position, she was Senior Vice President and Business Manager for Union Bank’s Institutional Trust & Custody Services group overseeing client services management, the group’s financial performance, and the business unit’s strategic development encompassing domestic and global custody, institutional money funds portal, and securities lending.
As a leading national provider of trust and custody services, Union Bank has provided trust, custody and investment management services for almost a century. Solutions are customized for corporations, financial institutions, nonprofit organizations, labor management trusts, foundations, public agencies, investment managers, insurance companies and mutual fund managers. To learn more about Union Bank’s debt and escrow administration services, custody and security services, and professional investment services, call 1-800-490-8262 or visit Union Bank online at www.unionbank.com.