Union Bank Expands Investment Management and Trust Team

LOS ANGELES, Nov. 30, 2018 /PRNewswire/ -- Union Bank today announced that Daniel B. Allen has joined its Investment Management & Trust Group as a Managing Director and Head of Premier Trust.  Premier Trust Services is the centralized trust administration center consisting of five service areas: Premier Trust Administration, New Account Opening Unit, Account Closing Unit, Imaging, and Bill Pay. Allen reports to David Pittman, Managing Director and Head of Investment Management & Trust and Wealth Planning, and is located in the bank's Los Angeles office.

Allen is responsible for managing, leading, and developing his team of financial professionals to ensure consistent delivery of superior service, a comprehensive and efficient centralized process, and risk-averse business practices. In addition, he oversees the creation and implementation of initiatives to transform and improve work production and efficiency; supports acquisition and integration initiatives; and serves as an active member of the group's fiduciary committees. 

"Union Bank has built a solid reputation for serving the complex needs of individuals, families and businesses by offering expert advice and a variety of innovative products and services," said Pittman. "Daniel Allen is an important addition to our team of experts. His leadership skills along with his extensive experience in Investment Management & Trust operations, process administration, and change management, will help us serve our clients and support our growth in the IM&T sector."  

Allen comes to the bank from Wells Fargo Bank Wealth Management where he served in a number of leadership positions over the past 11 years. Most recently, he was Senior Vice President, Fiduciary Management Services Director overseeing a team of trust specialists responsible for personal trust administration. He also served as Senior Vice President, Senior Regional Fiduciary Manager; and Vice President, Senior Trust Team Manager. Allen began his career in Chicago where he was the owner-partner of Open Estate Planning, a boutique estate planning law firm serving LGBTQ individuals and families. 

"I chose to move to Union Bank because of its strong commitment to its clients and its mission to become the world's most trusted financial institution," said Allen. "I'm excited to work with David and the outstanding team at Union Bank to serve our valued clients."

Allen, who has relocated from Texas, is an active community volunteer and most recently served as a board member of AIDS Services of Austin in Texas. He looks forward to continuing his community service in the Los Angeles area. 

Allen holds a Juris Doctor degree from Suffolk University Law School in Boston, and a bachelor's degree in international studies from Loyola University of Chicago.  He is licensed to practice law in the state of Illinois. 

About The Private Bank
The Private Bank is an exclusive part of Union Bank dedicated to the financial needs of high net worth individuals, non-profit organizations, business owners, corporate executives and professional service firms. The Private Bank is built around teams of wealth management professionals who deliver customized solutions centered on each client's unique goals and dreams.

About MUFG Union Bank, N.A.
As of September 30, 2018, MUFG Union Bank, N.A. operated 354 branches, consisting primarily of retail banking branches in the West Coast states, along with commercial branches in Texas, Illinois, New York, and Georgia, as well as 22 PurePoint ^® Financial Centers.  We provide a wide spectrum of corporate, commercial, and retail banking and wealth management solutions to meet the needs of customers.  We also offer an extensive portfolio of value-added solutions for customers, including investment banking, personal and corporate trust, global custody, transaction banking, capital markets, and other services.  With assets of $124.0 billion, as of September 30, 2018, MUFG Union Bank has strong capital reserves, credit ratings and capital ratios relative to peer banks.  MUFG Union Bank is a proud member of the Mitsubishi UFJ Financial Group (NYSE: MUFG), one of the world's largest financial organizations with total assets of approximately ¥306.4 trillion (JPY) or $2.7 trillion (USD)¹, as of September 30, 2018. The corporate headquarters (principal executive office) for MUFG Americas Holdings Corporation, which is the financial holding company, and MUFG Union Bank, is in New York City. The main banking office of MUFG Union Bank is in San Francisco, California.

¹ Exchange rate of 1 USD=¥113.6 (JPY) as of September 28, 2018

Wealth planning strategies have legal, tax, accounting and other implications. Prior to implementing any wealth planning strategy, clients should consult their legal, tax, accounting, and other advisers.

©2018 MUFG Union Bank, N.A. All rights reserved. Member FDIC.
Union Bank is a registered trademark and brand name of MUFG Union Bank, N.A.

SOURCE Union Bank

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