Flagstar Bank Welcomes Brett Mitstifer as New Chief Investment Officer for Private Banking and Wealth Management

Flagstar Bank Appoints Brett Mitstifer as Chief Investment Officer

On September 3, 2025, Flagstar Bank, a notable subsidiary of Flagstar Financial, Inc., proudly announced the appointment of Brett Mitstifer as the Executive Vice President and Chief Investment Officer (CIO) for Private Banking and Wealth Management. Set to operate from the dynamic environment of New York City, Mitstifer will directly report to Mark Pittsey, Executive Vice President and Head of Private Banking and Wealth Management. This significant organizational change emphasizes the expanding influence of Private Banking and Wealth Management within Flagstar's broader strategic framework.

Brett Mitstifer comes equipped with a rich tapestry of experience, spanning over 30 years in leading investment and wealth management initiatives aimed at high-net-worth and ultra-high-net-worth clientele. His fresh perspective is expected to be instrumental in enhancing Flagstar’s client relationships. Serving as the CIO, Mitstifer will spearhead the formulation of innovative investment strategies and broaden the product offerings to better cater to the evolving needs of clients. Furthermore, his leadership will fortify Flagstar's investment presence, elevating client engagement through insightful, strategic guidance, enabling them to navigate their financial journeys successfully.

Pittsey remarked on the importance of Mitstifer’s appointment, highlighting it as a pivotal moment in the evolution of Flagstar's Private Banking and Wealth Management divisions. He noted, "Brett's appointment signifies a crucial advancement as we aim to provide our clients with value-added investment insights." By appointing a dedicated leader for their investment strategy, Flagstar is poised to enhance their service offerings, delivering the products and insights that clients demand as they strive to transform into one of the leading regional banks in the U.S.

Before joining Flagstar, Mitstifer spent an impressive two decades at HSBC Private Bank where he rose from a Senior Portfolio Manager to the CIO and Regional Head of Investment Management. In that capacity, he managed a staggering $8.5 billion in assets while overseeing the full scope of the Private Bank's investment management processes. During his tenure, he also launched successful initiatives such as the Digital Innovation Growth Investment Theme, showcasing his capability to drive growth and innovation.

Mitstifer expressed his enthusiasm for joining Flagstar, stating, "What drew me to Flagstar was the chance to contribute to something with real momentum and purpose. This bank is in a phase of intentional transformation, and the clear commitment to nurturing relationships—both within the company and with the clients—stood out to me. Engaging in opportunities like this is a rarity, and I'm excited to expand our investment solutions and provide meaningful insights to our clients."

Moreover, Flagstar Private Banking and Wealth Management are currently amplifying their market presence, which includes the recent establishment of a Private Client Office in Palm Beach. There are more locations planned for the current year, including expansions in San Francisco and Park Avenue, with projected growth into Beverly Hills by 2026. The division prides itself on delivering curated financial advice to individuals, families, business owners, and organizations, facilitated through dedicated private bankers who integrate relationship-driven approaches to fulfill both business and personal banking requirements.

Flagstar Financial, Inc. stands as one of the largest regional banks in the U.S., with its headquarters nestled in Hicksville, New York. As of June 30, 2025, the company boasted an impressive $92.2 billion in assets and a robust network of approximately 360 locations stretching across nine states. Their commitment to excellence is evident as they continue to strengthen their footprint in both established and emerging markets, ensuring an exceptional level of service tailored to each client's unique financial needs.

In conclusion, with the advent of Brett Mitstifer as the Chief Investment Officer, Flagstar Bank is set to reinforce its position as a trusted institution in the realm of Private Banking and Wealth Management, further enriching the lives of its clients through thoughtful investment strategies and unwavering support.