#United States #New York City #KeyCorp #Robert Weiss #Key Family Wealth

KeyBank Announces New Leadership for Family Wealth Business

In a strategic move aimed at boosting its Family Wealth division, KeyCorp has officially announced the appointment of Robert Weiss as the new Head of Key Family Wealth. Based in New York City, Weiss will work alongside Key Wealth President Joe Skarda to enhance services for ultra-high net worth clients, a segment that poses significant opportunities for growth in the current financial landscape.

Leadership Insights

Joe Skarda expressed confidence in Weiss's ability to contribute to the evolving strategies at KeyBank. Skarda described Weiss as a "proven leader in the wealth management industry," emphasizing his expertise and dedication to client service, which align well with KeyCorp's broader strategic goals. Weiss's arrival comes at a pivotal moment, as KeyBank is experiencing substantial growth and is determined to elevate its position within the wealth management sector.

A Wealth of Experience

With over 20 years of leadership experience in wealth management, Weiss joins KeyBank from First Republic, a firm that is now part of J.P. Morgan Wealth Management. At First Republic, he served as the Regional Business Leader for New York, New Jersey, and Connecticut, focusing on growth, product strategy, and business development. Before that role, he headed the Northeast Private Wealth Division at SunTrust and held significant positions at Alliance Bernstein. His tenure at J.P. Morgan also showcased his capacity to lead a team responsible for delivering cutting-edge financial advice and services.

Weiss holds an MBA in Finance from the State University of New York at Buffalo and is a chartered financial analyst (CFA). He maintains various licenses including FINRA Series 7, 9, 10, 24, and 63, alongside an insurance license, underscoring his deep understanding of the financial ecosystem.

Key Family Wealth Overview

Key Family Wealth, a division of Key Private Bank, stands out as one of the largest and oldest multi-family offices in the United States. With approximately $23 billion in assets under management (AUM), this division is committed to developing comprehensive strategies tailored for ultra-high net worth families. These strategies encompass investment planning, tax management, and estate preservation, intending to safeguard and enhance wealth across generations.

Clients of Key Family Wealth benefit from a dedicated team of advisors who bring expertise in various fields, including investments, estate planning, tax strategies, and philanthropy, ensuring a holistic client experience focused on long-term success.

The Road Ahead

Upon his appointment, Weiss expressed enthusiasm about joining Key Wealth's innovative team during a time of rapid growth. He remarked on the impressive capabilities already in place, which he views as key differentiators amidst a competitive market landscape. Weiss emphasized his intention to share these advanced offerings with advisors and their clients, fostering a collaborative approach to wealth management.

As Weiss takes the helm, the wealth management industry will be watching closely to see how his leadership contributes to KeyBank's objectives and enhances wealth management services for its elite clientele.

About KeyCorp

Founded nearly two centuries ago in Albany, New York, KeyCorp has grown into one of the nation’s largest bank-based financial services companies. Headquartered in Cleveland, Ohio, the institution offers a broad array of banking products, including deposit accounts, loans, and cash management services. With assets reported at approximately $190 billion, it operates across 15 states under the KeyBank National Association brand, alongside its investment banking division, KeyBanc Capital Markets. For more information about their services, visit KeyBank.