Huntington Bancshares in Columbus, Ohio, has named R. Jeffrey Young president of its mutual fund service subsidiary.
The unit, Huntington Asset Services, provides services to investment advisers of mutual funds, including fund administration, accounting, distribution, compliance and website development. Its clients hold combined assets of more than $45 billion.
Young, who was the unit's vice president for relationship management, succeeds Joe Rezabek, who left to head a privately held firm in Columbus. Rezabek had led Huntington Asset Service since 2012.
Huntington Asset Services was founded in 1952 as United Fund Services; Huntington bought it in 2006. It is part of Huntington's private client group, which generated $275.4 million in revenue last year, 14% of the $66 billion-asset Huntington's total.
Young is a strong leader who will "drive even more growth for our asset-servicing and custody business," Jim Dunlap, regional banking and private client group director, said in a press release Tuesday.
Before joining Huntington Asset Service in 2010, Young served as managing director for WealthStone, a Columbus-based wealth management firm. He taught at the Ohio Banking League's Harry Blythe School of Banking from 1997 to 1998.