Regions Financial in Birmingham, Ala., has named Kate Randall Danella as executive in charge of several wealth management functions.

The $122 billion-asset company named Danella its wealth strategy and effectiveness executive for its wealth management division, a newly created position.

Danella will oversee the development and implementation of initiatives throughout wealth management, which includes investments, trust and insurance.

Danella was previously an executive with Capital Group Cos. in Los Angeles, the manager of the American Funds line of mutual funds.

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