Fiduciary Trust International said Tuesday that industry veteran Kevin F. Flood joined its New York office as a Senior Relationship Manager.
Flood brings over three decades of experience in private wealth management to the team at Fiduciary Trust, a global investment firm and subsidiary of Franklin Templeton.
The news came shortly after Fiduciary Trust said two new Portfolio Managers, Debjani Bagchi and Peter E. McEvoy, joined the firm’s New York office last month as the company continued to expand its New York presence.
Prior to joining Fiduciary Trust, Flood spent more than a decade in several executive roles, most recently as Senior Wealth Advisor at Wilmington Trust, which he joined in March 2013, according to his LinkedIn profile.
At Wilmington Trust, he managed a client relationship team that oversaw $870 million in assets under management (AUM) and $1.3 billion in assets under administration (AUA).
Before Wilmington Trust, he held Vice President positions at U.S. Trust/Bank of America and at Mutual of America Life Insurance Co.
“Meeting the needs of intricate client relationships, especially those involving high-net-worth and multi-generational dynamics, is a top priority for Fiduciary Trust International,” according to Anne Fitzpatrick Donahue, Fiduciary Trust International Regional Managing Director for the New York office.
“Kevin’s track record in private wealth management, tax and estate planning, and his proven ability to manage multi-generational relationships make him an ideal fit for catering to the needs of our firm’s most sophisticated and complex portfolios,” she said. “His client-focused approach, exceptional leadership, and commitment to fiduciary excellence will enhance our offerings and drive growth.”
Of Fiduciary Trust, Flood said the firm’s “commitment to innovation and global reach offers a unique platform for growth and development.”
Flood added that he looked forward to working with his new team and “leveraging our advanced offerings to address the complex needs of clients, especially those with multi-generational wealth.”
Fiduciary Trust had more than $102 billion in AUM and AUA as of March 31, while its parent company, Franklin Templeton, had more than $1.6 trillion in AUM as of June 30.
Jeff Berman, Contributing Editor and Reporter at Wealth Solutions Report, can be reached at jberman@wealthsolutionsreport.com.
