PORTLAND, Ore.--(BUSINESS WIRE)--
Umpqua Bank, a subsidiary of Umpqua Holdings Corp. (NASDAQ: UMPQ),
announced today the start of their new asset management division. The
division will be charged with evaluating public and private investment
opportunities that help strengthen local economies and deliver returns
for Umpqua's clients. To lead this new initiative, Umpqua has hired
Kelly Johnson as executive vice president of asset management.
Johnson will be responsible for building and managing a team that will
oversee asset management and trust services including oversight of the
bank's private client services group. The addition will complement
services already offered by the bank's affiliate brokerage firm Strand,
Atkinson, Williams and York. Johnson is based in Portland, Ore., and
reports to Umpqua Holdings Corporation president and CEO, Ray Davis.
"With the maturing baby boomer demographic as well as other
opportunities we've seen in the markets we serve, the development of
this division is both prudent and timely," said Davis. "I am extremely
pleased to have Kelly at the helm to develop our asset management
division. He adds significant value to our private client services team
and its ability to provide quality results for our clients. Kelly has
the leadership and experience to take us to the next level."
Johnson, who has worked in the investment and securities industry since
1986, was previously employed as a senior managing director for
RBC Wealth Management, overseeing wealth management in Oregon, Central
Washington and Reno, Nev. His experience includes strategic planning,
personnel management, market analysis and sales and marketing.
Johnson has a bachelor's degree in business management and a master's
degree in business administration from the Carlson School of Management
from the University of Minnesota.
About Umpqua Holdings Corporation
Holdings Corporation (NASDAQ: UMPQ) is the parent company of Umpqua
Bank, an Oregon-based community bank recognized for its entrepreneurial
approach, innovative use of technology, and distinctive banking
solutions. Umpqua Bank has 148 locations between Napa, Calif., and
Bellevue, Wash., along the Oregon and Northern California Coast and in
Central Oregon. Umpqua Holdings also owns a retail brokerage subsidiary
Strand, Atkinson, Williams & York Inc., which has locations in Umpqua
Bank stores and in dedicated offices throughout Oregon and Southwest
Washington. Umpqua Bank's Private Client Services Division provides
tailored financial services and products to individual customers. Umpqua
Holdings Corporation is headquartered in Portland, Ore. For more
information, visit www.umpquaholdingscorp.com.
**Photo available upon request**
Source: Umpqua Holdings Corporation