UMB Financial Corporation (NASDAQ: UMBF) is pleased toannounce Clyde Wendel will be joining the company as President, UMBAsset Management and Managing Director, Private Banking. He will benominated to serve as Vice Chairman of UMB Bank, n.a. and will be amember of the Company's Management Committee.
In his new role, Wendel will oversee Investment and WealthManagement, Private Banking, Scout Investment Advisors, InstitutionalSales and Service and Corporate Trust. He will report to President andChief Operating Officer Peter deSilva.
A long-time resident of the Midwest, Wendel comes to UMB with morethan 36 years of banking and financial services experience. For thepast 23 years, he has served in executive positions with Bank ofAmerica, most recently as President, Kansas City Region and RegionalExecutive for Bank of America Private Bank. Prior responsibilitiesinclude international banking and trade finance, national corporateaccounts, treasury management and corporate banking.
"Clyde is well known and respected for his expertise in bankingand financial services, and he will play a key leadership roleexecuting UMB's business strategy," said Mariner Kemper, Chairman andCEO, UMB Financial Corporation.
"Clyde's vast background is a great gain for UMB and itscustomers, and he will be instrumental in building and promoting ourstrong asset management business," said deSilva. "We look forward tothe tremendous opportunities his wealth of experience and communityleadership bring to our company."
Wendel currently serves as vice chairman of the Board of Trusteesfor Rockhurst University and trustee of Midwest Research Institute. Heis a member of the Truman Medical Center board of directors, the CivicCouncil of the Greater Kansas City, Business Council of the NelsonGallery and Corporate Council of the Kemper Museum. He is past boardchair of the Central City School Fund for the Diocese of KansasCity-St. Joseph. He also is a former board member of the American JazzMuseum at 18th and Vine and former Commissioner for the Port Authorityof Kansas City, Mo.
Wendel earned a Bachelor's Degree in Business from Ohio Universityand holds the following securities industry designations: Series 7,63, 66, 24, 53.
UMB Financial Corporation is a multi-bank holding companyheadquartered in Kansas City, Mo., offering complete banking andrelated financial services to both individual and business customersnationwide. Its banking subsidiaries own and operate 141 bankingcenters throughout Missouri, Illinois, Colorado, Kansas, Oklahoma,Nebraska and Arizona. Subsidiaries of the holding company and the leadbank, UMB Bank, n.a., include an investment services group based inMilwaukee, Wisconsin, a trust management company in South Dakota, andsingle-purpose companies that deal with brokerage services, consultingservices and insurance. UMB was named one of Business Week's "WebSmart 50" companies in 2005.
-bw-
_____________________________________
© 1999-2006 SmartHouse Media GmbH