Press release
First Citizens Bank Announces Leadership Structure for Wealth Organization
Michael Wilson to lead both First Citizens Wealth and SVB PrivateLeadership team reflects strengths and talents from across the organizationRALEIGH, N.C.,
About this update from First Citizens Bancshares, Inc.
[{"type":"text","content":"Michael Wilson to lead both First Citizens Wealth and SVB PrivateLeadership team reflects strengths and talents from across the organizationRALEIGH, N.C., Sept. 6, 2023 /PRNewswire/ -- First Citizens Bank today announced a new leadership structure for its wealth organization that will improve coordination and enhance its commitment to supporting individuals, families and institutions with outstanding financial solutions and guidance.\n\n \n \n \n \n \n \n\n \nMichael Wilson, who has overseen the growth and expansion of First Citizens Wealth for a decade, is assuming the additional leadership responsibility for SVB Private, a private banking and wealth management business that came to First Citizens through its recent acquisition of Silicon Valley Bank (SVB).\nWilson's leadership team reflects the outstanding strengths and talents of executives at both First Citizens Wealth and SVB Private. New assignments within the combined organization include:\nBrent Ciliano, a First Citizens executive, who will serve as Chief Investment Officer.Marc Horgan, a First Citizens Wealth executive, who will oversee personal wealth sales.Robert Nentwig, an SVB Private executive, who will lead private banking and lending.Nerre Shuriah, a First Citizens executive, who will lead wealth planning.Phillip Strickland, a First Citizens executive, who will lead institutional sales.Gerald Baker, an SVB Private executive, who will lead personal trust services.Steve Gilland, a First Citizens executive, who will focus on private banking operations and integration.George Shehata, an SVB Private executive, who will head up strategy.David Biliter, a First Citizens executive, who will oversee investor services.\"First Citizens has built one of the industry's leading wealth management teams by leveraging our relentless client focus and a relationship-oriented business model,\" said Hope Holding Bryant, First Citizens' vice chairwoman and the lead executive for its General Bank, which includes the Wealth group.\n\"With our acquisition of SVB Private, it is logical and appropriate to bring our wealth and private banking activities together under a unified leadership structure,\" Bryant continued. \"I am confident this approach will accelerate our ongoing efforts to support institutions, families and individuals with the personalized service and resources they need to g...