The Hudson Valley/Metro New York market is a growing one for the bank, it said.
Key Private Bank has appointed Michael Rieger as senior vice president and market leader to lead its Hudson Valley/Metro New York market.
Rieger is responsible for leading a team of local private bankers who provide financial planning, investment, trust and banking solutions for high net worth individuals and families. He is based in the firm’s New York City office and will report to Thomas Scaturro, Key Private Bank regional executive for Eastern Markets and Florida Market president.
With more than two decades’ wealth and investment sector experience, Rieger was previously a senior director and wealth manager at Bank of New York Mellon where he directly managed complex client relationships with more than $1.3 billion of assets under management. He was also a member of the firm’s equity strategy committee which was responsible for $30 billion in managed equity investment strategies.
Previously, he served as a financial advisor and senior portfolio advisor with Merrill Lynch, and a senior portfolio manager and chief financial officer with Pergament Advisors in New York.
Rieger earned an MBA from Columbia Business School and a BA in economics from Hamilton College. He also holds a CFP® certification.
In February Key Private Bank appointed Brian Pietrangelo in the newly-created role of managing director of investment strategy.
In January this year FWR spoke to the bank about its thoughts on the likely shape of tax changes under the Biden administration.