Bank of the West Hires Trust Services Leader as Chief Fiduciary Officer
SAN FRANCISCO | Jul 28, 2015
Doug Sherry Brings Depth of Experience in Fiduciary Management Leadership Roles
Bank of the West announced today that personal trust executive Doug Sherry has joined its Wealth Management Group as chief fiduciary officer. Sherry brings more than 20 years of experience, with extensive knowledge of fiduciary oversight and administration.
In his previous roles at other major financial institutions, Sherry held fiduciary management responsibilities for trust and investment management businesses during which he led teams to grow relationships and assets under management, drive operating efficiencies, and expand partnerships with functions across complex institutions.
In this role, Sherry is responsible for overseeing the bank’s fiduciary responsibilities to the affluent, high net worth and ultra high net worth clients it serves. The addition of Sherry to the team comes as part of the group’s focus on deepening of its solutions for the complex needs of wealth management clients as it continues to grow rapidly.
“Personal trust services form the foundation of our work with affluent, high net worth and ultra high net worth clients across the United States. As we continue to expand the number of clients we serve and deepen those relationships, Doug’s experience will be a strong asset for our clients and our team,” said John Bahnken, head of Wealth Management Group and senior executive vice president.
Bank of the West Wealth Management provides wealth planning consulting, investment management*, personal banking, and trust services. The group is part of BNP Paribas' global wealth management business of more than 6,300 professionals in 30 countries worldwide with over $15.5 billion** in assets under management in the United States $345 billion (€305 billion) in assets under management globally as of December, 2014.
About Bank of the West:
Bank of the West is a regional financial services company chartered in California and headquartered in San Francisco with $70.9 billion in assets as of March 31, 2015. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 650 offices in 22 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in more than 75 countries with 180,000 employees.
Ayele Ajavon, Bank of the West Corporate Communications
Office: (415) 432-3501
Bank of the West Wealth Management offers products and services through Bank of the West and its various affiliates and subsidiaries.
* Securities and variable annuities are offered through BancWest Investment Services, a registered broker/dealer, Member FINRA/SIPC. Financial Advisors are Registered Representatives of BancWest Investment Services. Fixed annuities/insurance products are offered through BancWest Insurance Agency in California, (License #0C52321), through BancWest Insurance Agency in Utah and through BancWest Investment Services, Inc. in AZ, CO, IA, ID, KS, MN, MO, ND, NE, NM, NV, OK, OR, SD, WA, WI, WY, HI, GUAM and CNMI. Bank of the West and its various affiliates and subsidiaries are not tax or legal advisors.
BancWest Investment Services is a wholly owned subsidiary of Bank of the West and a part of the Wealth Management Group. BancWest Corporation is the holding company for Bank of the West. BancWest Corporation is a wholly owned subsidiary of BNP Paribas.
* * Including assets under supervision at BancWest Investment Services
Investment and Insurance Products:
- NOT FDIC INSURED
- NOT BANK GUARANTEED
- MAY LOSE VALUE
- NOT A DEPOSIT
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY