Nearly a month after the departure of its private bank head,
Andy Sieg, head of wealth at
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The announcement came roughly a month after
Cayman Wills, a regional head, was appointed interim leader of private banking in North America. Sieg's memo said Wills will remain in that position until Biotti joins the firm in late May.
Before joining
Sieg also noted that, at
The private bank is one of the three main units of
New survey data finds little correlation between increased AI spending and layoffs in financial services. But many executives said they expect job cuts at their companies in the next 12 months.
The stalemate over stablecoin yield leaves both sides uneasy, but ultimately favor banks.
Research, insights and data on how banks and financial institutions are using AI can now be found in a new location on American Banker.
The regulator argues the plans were costly, too theoretical and ineffective, eliminating the financial crisis-era requirement as part of the Trump Administration's deregulatory push.
Thomas Owens, Trustmark's current chief financial officer, will take over as chief operating officer on May 1. The COO position has historically been a pathway to the top job at the Jackson, Mississippi-based bank.
Will Artingstall, global head of digital asset payments and ecommerce solutions within Citi's Services business, sat down with American Banker to discuss the firm's banking-as-a-service business and how it fits into its larger corporate payments strategy.
