To strengthen its position as a wealth-service provider to high-net-worth clients in Pennsylvania's Lehigh Valley, National Penn Investors Trust Co. has hired three key managers from Millennium Wealth Management.
Judith Savchak, trust administration head at Millennium Wealth Management, joins as northern region manager with responsibility for client-service delivery for investment management and fiduciary accounts in the firm's Allentown and Hazleton, Pa., offices. Michael Torbert will bring in business for National Penn Investors Trust's personal wealth services group. He had been a senior investment officer at Millennium Wealth Management.
Cathy Wimmer, a trust officer when she was at Millennium Wealth Management, will be an account administrator focusing on compliance and regulatory matters.
National Penn Investors Trust is a division of National Penn Wealth Management; both are units of National Penn Bancshares Inc. of Boyertown, Pa.