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Union Bank expanding wealth management services locally: area branches gear up to serve demand despite subprime crisis.

Publication: San Diego Business Journal
Publication Date: 28-APR-08 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Union Bank expanding wealth management services locally: area branches gear up to serve demand despite subprime crisis.(Union Bank of California N.A)

Article Excerpt
San Francisco-based Union Bank of California is planning to expand its wealth management operations in San Diego as part of the company's growth strategy, which includes adding wealth management offices in multiple markets in California and the Pacific Northwest.

The expansion, which is planned for this year, is part of a strategy announced in March to realign the bank's wealth management business into the larger Global Markets Group, which also houses the bank's asset management and brokerage units.

The bank, which currently has 10,000 employees, has not yet decided exactly how many employees will be added to the San Diego market.

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However, Executive Vice President Mary Curran, who heads the firm's Wealth Management Group and works in San Diego, says the realignment allows the bank to expand its presence in the personal wealth market.

"We see...

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