People Moves

Bank Of Kansas City Lures Wealth Management, Private Banking Team

Harriet Davies Editor - Family Wealth Report 12 June 2013

Bank Of Kansas City Lures Wealth Management, Private Banking Team

Bank of Kansas City has lured three veteran wealth managers from UMB Bank, according to the Kansas City Business Journal.

Bob Weber, Kevin Zimmermann and Justin Richter, who all specialize in working with clients with at least $1 million in investable assets, have all been named senior vice presidents at Bank of Kansas City’s The Private Bank.

Weber was at UMB for 15 years and was a managing director of portfolio management.

Zimmerman was at UMB for seven years and was a senior vice president for private banking and wealth management. He was at Bank of America for five years before that.

Richter was at UMB for nine years and was a portfolio manager.

In April, Bank of Kansas City hired a five-strong institutional fixed income team from UMB.

“Our focus is to build a premier investment management firm that focuses on high-net-worth individuals,” Kristin Tyson, market manager for Bank of Kansas City’s The Private Bank, told the KCBJ. “One where clients get the feel of a boutique wealth management firm, but with the strength of a large $28 billion financial services company behind them and a trust company with $32 billion in assets.”

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