UMPQUA HLDGS.
PORTLAND, Ore., Feb. 28, 2018 (GLOBE NEWSWIRE) -- Umpqua Bank, a subsidiary of Umpqua Holdings Corporation (NASDAQ:UMPQ), today announced that Jeff Marshall has been named its first chief investment strategist as part of the bank’s expansion of its wealth management capabilities and team. With the addition of a chief investment strategist, Umpqua’s proprietary market and investment research will enhance the bank’s sophisticated suite of wealth management solutions for high net worth individuals and institutional clients.
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According to Kent Grubaugh, Umpqua Bank’s executive vice president and head of wealth management, today’s announcement marks an important evolution in Umpqua’s capacity to provide holistic investment solutions for clients and complements the bank’s recent expansion into high-growth commercial markets.
“Umpqua’s strong growth in commercial and corporate banking has opened up significant, new opportunities to serve the complex wealth management needs of high net worth individuals and institutional clients,” said Grubaugh. “Bringing in someone of Jeff’s caliber to build a sophisticated in-house market and investment research capability is a critical addition to our wealth management strategy. In addition to creating, delivering and overseeing our global investment activities, Jeff will give Umpqua a public voice on market developments and economic trends that matter to our clients and advisors, and shape our tailored investment recommendations.”
Marshall brings more than 20 years of investment management and research experience to Umpqua. Previously, he held positions at Sanford C. Bernstein, Windermere Investments and Convergent Wealth Advisors. In senior leadership roles, Marshall has led overall firm investment strategy and recommendations, as well as portfolio implementation solutions. He has also served as the lead investment consultant for clients and as a portfolio manager for a proprietary hedge fund of funds and equity-focused pools.
Marshall earned a Bachelor of Science degree in Finance from Bentley University. He also holds the Chartered Financial Analyst® designation and holds his Series 7 and 63 licenses.
About Umpqua Bank
Umpqua Bank, headquartered in Roseburg, Ore., is a subsidiary of Umpqua Holdings Corporation, and has locations across Idaho, Washington, Oregon, California and Nevada. Umpqua Bank has been recognized for its innovative customer experience and banking strategy by national publications including The Wall Street Journal, The New York Times, BusinessWeek, Fast Company and CNBC. The company has been recognized for eight years in a row on FORTUNE magazine's list of the country's "100 Best Companies to Work For," and was recently named by The Portland Business Journal the Most Admired Financial Services Company in Oregon for the thirteenth consecutive year. In addition to its retail banking presence, Umpqua Bank owns Financial Pacific Leasing, Inc., a nationally recognized commercial finance company that provides equipment leases to small businesses. A subsidiary of Umpqua Holdings Corporation, Umpqua Investments, Inc., provides retail brokerage and investment advisory services in offices throughout Washington, Oregon, and California. Securities products and services are offered by Umpqua Investments, Inc., (Member FINRA/SIPC) through its licensed security representatives, who may also be employees of Umpqua Bank. Securities products and services: Not FDIC Insured • No Bank Guarantee • May Lose Value. Banking products and services are provided by Umpqua Bank. Umpqua's Wealth Management Division serves high net worth individuals and nonprofits by providing customized financial solutions and offerings. Umpqua Holdings Corporation is headquartered in Portland, Ore.
Media Contact:
Kurt Heath
503-219-6124
KurtHeath@umpquabank.com
A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2c5c7357-8845-449c-93d2-8fa79b5bcbc3
