Key Private Bank Celebrated for Excellence in Private Banking Client Service at PAM Awards 2025

On February 7, 2025, Key Private Bank, the wealth management arm of KeyCorp, was honored with the award for the Best "Private Banking Client Service" at the acclaimed Private Asset Management (PAM) Awards held in New York City. This recognition marks the fifth time that Key Private Bank has received this esteemed accolade, establishing its reputation as a leader in the private banking sector.

The PAM Awards have been celebrating excellence in the private wealth industry for over 20 years. Winners are determined by an independent panel of industry experts who rigorously evaluate both qualitative and quantitative performance metrics. This year, Key Private Bank was recognized for delivering best-in-class services and innovative wealth management solutions, standing out among a shortlist of three prestigious firms.

The award not only underscores Key Private Bank's commitment to exceptional client service but also highlights its proficiency in providing highly customized wealth management and financial planning solutions tailored for high-net-worth and ultra-high-net-worth clients. The Head of Key Private Bank, Cathy O'Malley Kearney, expressed pride in the team's dedication to offering comprehensive services and expressed gratitude for the recognition of their efforts in client service.

"Our team of advisors are committed to providing clients with comprehensive, best-in-class wealth management and financial planning solutions with exceptional service," Kearney noted. This win reinforces the bank's strategy of integrating personalized service with expert financial advice, ensuring that clients receive the attention and expertise they deserve.

Key Private Bank operates across 15 states in the U.S. and boasts $55 billion in assets under management (AUM) and $60 billion in assets under administration (AUA) as of December 31, 2024. The firm provides a wide range of services including wealth advisory, investment management, trust administration, customized credit solutions, family office services, and private banking. This diverse array of offerings positions Key Private Bank as a pivotal player in the wealth management landscape.

KeyCorp, the parent company of Key Private Bank, has a storied history that dates back nearly 200 years, with its headquarters located in Cleveland, Ohio. As one of the largest bank-based financial service providers in the nation, KeyCorp manages approximately $187 billion in assets. It offers a broad spectrum of financial services, including deposit accounts, lending, investment, and cash management to individuals and businesses across its expansive network of approximately 1,000 branches and 1,200 ATMs.

The recognition from the PAM Awards not only enhances Key Private Bank’s prestige within the finance community but also signals a robust commitment to excellence in client service, essential for fostering trust and long-term relationships with clients. As the firm continues to grow, its focus remains steadfast on integrating local insights with the national expertise of its wealth management team to provide proactive advice tailored to individual clients' needs.

In conclusion, Key Private Bank’s recognition at the PAM Awards underscores its ongoing dedication to delivering exceptional service and innovative wealth management solutions. This honor serves as a testament to the firm’s commitment to excellence and positions it for future accomplishments in the financial sector, as it continues to navigate the evolving landscape of private banking.

Topics Financial Services & Investing)

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