Reuben Rashty Named Managing Director of Fifth Third Private Bank in Michigan
Former JP Morgan Chase executive will also serve as Executive Director of Mirador Family Wealth Advisors
Fifth Third Bancorp (Nasdaq: FITB) announced today that Reuben Rashty has been named senior vice president, managing director, Private Bank (Michigan) and executive director of Mirador Family Wealth Advisors. He will report to Phil McHugh, executive vice president and head of Fifth Third Wealth and Asset Management.
“We are excited to add a leader with Reuben’s experience to Fifth Third Private Bank,” McHugh said. “This is yet another sign of our deep commitment to the Michigan market and to the Mirador Family Wealth Advisors practice. Reuben’s outstanding track record of client service will immediately add value to our existing relationships and enhance our efforts to help families achieve their financial goals.”
As a managing director of Fifth Third Private Bank, Rashty will work to deliver strong local leadership to clients and prospects throughout the state of Michigan. As head of Mirador, Rashty will manage and build strategic relationships with ultra-high net worth individuals.
Glen Johnson, managing director of Mirador Family Wealth Advisors and one of its founders, will transition to a new leadership role within the Wealth and Asset Management Division, focused on providing wealth management solutions to Fifth Third Bank’s Commercial clients.
Rashty has more than 25 years of banking experience and has been recognized as a FIVE STAR Wealth Manager by Hour Magazine. He joins Fifth Third from JPMorgan Chase, where he most recently served as market manager of the Private Bank in Michigan, focused on providing clients with comprehensive wealth management guidance that included investments, banking and trust services. Prior to that, he was head of domestic private banking for Israel Discount Bank in New York City.
“I am thrilled to join the Private Bank team at Fifth Third,” Rashty said. “I have long admired the Bank and its approach, and I look forward to helping both Fifth Third and its clients succeed over the long term.”
Rashty earned a degree in business administration, with an emphasis in accounting, from Wayne State University. He is a member of the Jewish Federation Finance Committee and a board director for the American Technion Society.
About Fifth Third
Fifth Third Bancorp is a diversified financial services company headquartered in Cincinnati, Ohio. The Company has $144 billion in assets and operates 1,191 full-service Banking Centers, including 94 Bank Mart® locations, most open seven days a week, inside select grocery stores and 2,541 ATMs in Ohio, Kentucky, Indiana, Michigan, Illinois, Florida, Tennessee, West Virginia, Pennsylvania, Georgia and North Carolina. Fifth Third operates four main businesses: Commercial Banking, Branch Banking, Consumer Lending, and Wealth and Asset Management. Fifth Third also has an 18.3% interest in Vantiv Holding, LLC. Fifth Third is among the largest money managers in the Midwest and, as of June 30, 2016, had $305 billion in assets under care, of which it managed $26 billion for individuals, corporations and not-for-profit organizations. Investor information and press releases can be viewed at www.53.com. Fifth Third’s common stock is traded on the Nasdaq® Global Select Market under the symbol “FITB.” Fifth Third Bank was established in 1858. Member FDIC, Equal Housing Lender.