First Maryland Bancorp has promoted two managers to oversee its trust and investment services subsidiary. The Baltimore-based banking company announced last week that it named Rick A. Gold as chief executive officer of FMB Trust Co. Kathy A. Jackson was named president and chief trust officer.
Previously, FMB Trust was overseen by Charles G. Cusic, who resigned last month to join ASB Capital Management, a Washington subsidiary of Chevy Chase Bank, McLean, Va.
Mr. Gold is responsible for First Maryland Brokerage Corp.; ARK Funds, a proprietary mutual fund family; ARK Insurance; and Zirkin-Cutler Investments, an asset management subsidiary. He has headed personal trust since 1997.
Ms. Jackson, who has been responsible for custody and employee benefits, now reports to Mr. Gold on corporate trust, personal trust and investments, and trust support.
FMB Trust has $46.3 billion of assets under custody and manages more than $20 billion. The subsidiary also is responsible for $29.6 billion of corporate trust assets.