BNY Mellon Wealth Management Named Karen Sugihara Regional Fiduciary Manager in San Francisco

Rhea-AI Summary

BNY Mellon Wealth Management has appointed Karen Sugihara as the new regional fiduciary manager for California. With over 30 years of expertise in trust and estates, Sugihara previously worked at Wells Fargo, overseeing their largest trust office in Northern California. Her role will focus on enhancing fiduciary services and delivering advisory-based solutions to clients in the region. Sugihara's diverse background includes legal practice and fintech experience. BNY Mellon manages $307 billion in total client assets as of September 30, 2021, reinforcing its robust position in wealth management.

Positive

• Appointment of a regional fiduciary manager enhances leadership in California.
• Karen Sugihara's extensive experience in trust and estates may strengthen BNY Mellon's fiduciary services.
• $307 billion in total client assets as of September 30, 2021, reflects BNY Mellon's strong financial position.

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• None.

SAN FRANCISCO, Oct. 26, 2021 /PRNewswire/ -- BNY Mellon Wealth Management named Karen Sugihara as regional fiduciary manager. In this role, she will lead the fiduciary business for California, as well as manage the delivery and fiduciary oversight of advisory-based services to clients. Karen is based in San Francisco and reports to Robert Kricena, president, West Region.

Karen brings three decades of trust and estates experience in private banking, fintech, legal research and law practice to the role. Prior to BNY Mellon Wealth Management, she spent eight years at Wells Fargo where she most recently served as a senior regional fiduciary manager and oversaw their trust business in Northern California, which is the largest trust office within their wealth management business. She also served as a senior wealth planning strategist at Wells Fargo. Karen co-founded a successful start-up company that provides custom websites and legal content for lawyers and law firms, and previously served as their general counsel and vice president of content development. She also held roles at LexisNexis and worked as a trust & estates attorney at various prominent law firms serving high net worth clients.

"Karen has deep fiduciary knowledge, legal experience, and planning acumen," said Kricena. "Her entrepreneurial drive paired with her leadership and technical skills are well suited to advocate our Active Wealth approach with our clients and their advisors throughout California."

Karen earned a Bachelor of Science from the University of California, Riverside and a Juris Doctor, Law, from Pepperdine University. She is an active member of her community and previously served on the Board of Directors for Burbank Philharmonic.

ABOUT BNY MELLON WEALTH MANAGEMENT  
For more than two centuries, BNY Mellon Wealth Management has provided services to financially successful individuals and families, their family offices and business enterprises, planned giving programs, and endowments and foundations. It has $307 billion in total client assets, as of September 30, 2021, and an extensive network of offices in the U.S. and internationally. BNY Mellon Wealth Management, which delivers leading wealth advice across investments, banking, custody, and wealth and estate planning, conducts business through various operating subsidiaries of The Bank of New York Mellon Corporation. A division of Wealth Management, BNY Mellon Investor Solutions includes the firm's institutional multi-asset solutions business. For more information, visit www.bnymellonwealth.com or follow us on Twitter @BNYMellonWealth.

ABOUT BNY MELLON  
BNY Mellon is a global investments company dedicated to helping its clients manage and service their financial assets throughout the investment lifecycle.  Whether providing financial services for institutions, corporations or individual investors, BNY Mellon delivers informed investment and wealth management and investment services in 35 countries. As of September 30, 2021, BNY Mellon had $45.3 trillion in assets under custody and/or administration, and $2.3 trillion in assets under management.  BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments.  BNY Mellon is the corporate brand of The Bank of New York Mellon Corporation (NYSE: BK).  Additional information is available on www.bnymellon.com.  Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news. 

Media Contact: 
Ben Tanner
212-635-8676
Ben.Tanner@bnymellon.com

 

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SOURCE BNY Mellon Wealth Management

FAQ

Who is the new regional fiduciary manager for BNY Mellon in California?

Karen Sugihara has been appointed as the regional fiduciary manager for BNY Mellon in California.

What experience does Karen Sugihara have before joining BNY Mellon?

Karen Sugihara has over 30 years of experience in trust and estates, having previously worked at Wells Fargo.

What are the total client assets managed by BNY Mellon as of September 30, 2021?

BNY Mellon manages $307 billion in total client assets as of September 30, 2021.

What is BNY Mellon's focus in wealth management?

BNY Mellon focuses on providing wealth advice across investments, banking, custody, and estate planning.

Where is BNY Mellon Wealth Management headquartered?

BNY Mellon Wealth Management is headquartered in San Francisco, California.