Bank of the West Hires Steve Prostano to Lead an Ultra High Net Worth Business
SAN FRANCISCO | Jun 29, 2015
Bank of the West today announced the hire of Steve Prostano, who recently joined Bank of the West Wealth Management Group with the responsibility for developing a comprehensive set of services for ultra high net worth individuals, families and family offices with more than $25 million in assets.
As a rapidly growing wealth management organizations in the U.S., Bank of the West Wealth Management Group serves the needs of affluent, high net worth and ultra high net worth clients through a range of banking and investing solutions uniquely tailored for these clients and delivered through a team of skilled, trusted client advisors.
Under Prostano’s leadership, Bank of the West Wealth Management Group will deliver customized solutions to ultra high net worth clients throughout the United States.
“We are building a world-class wealth management business at Bank of the West and I am pleased to have such an experienced leader joining our team,” said John Bahnken, senior executive vice president, Wealth Management Group. “Steve’s deep expertise in working with and finding solutions for this client segment will help our organization better meet the complex needs facing these clients today.”
Steve is a recognized leader in the wealth management, multi-family office and global financial services industries. He has more than 30 years of extensive strategic and tactical experience designing, building, managing and growing successful businesses - nationally and globally. Throughout his career, Steve has also consulted numerous industry leaders as well as high-net-worth and ultra-high-net worth individuals, families, family offices and not-for-profits.Steve is a former practicing attorney and certified public accountant, with a master’s of law degree in taxation, and has served as an adjunct professor at the Boston College Carroll Graduate School of Management. He has won numerous industry awards and is frequently quoted in the media about industry trends and developments.
About Bank of the West Wealth Management:
Bank of the West Wealth Management provides wealth planning, 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 $10 billion* in assets under management in the United States and €332 billion ($372 billion) in assets under management globally as of March 2015.
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 600 offices in 22 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 75 countries with 185,000 employees.
Michele Rene Scott
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. Advisory Services are offered through BancWest Investment Services, an SEC-registered investment advisor. 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.
Investment and Insurance Products:
- NOT FDIC INSURED
- NOT BANK GUARANTEED
- MAY LOSE VALUE
- NOT A DEPOSIT
- NOT INSURED BY ANY FEDERAL GOVERNMENT AGENCY