Bryn Mawr Capital Management Announces Jasmine Yu as Senior Vice President and Chief Investment Officer

Rhea-AI Summary

WSFS Financial (Nasdaq: WSFS) announced the appointment of Jasmine Yu as Senior Vice President and Chief Investment Officer of Bryn Mawr Capital Management. Yu will lead the Investment Strategy and Solutions team, driving innovation and providing thought leadership. She brings over two decades of experience from notable institutions such as Bank of New York Mellon, Bank of America Merrill Lynch, and Abu Dhabi Investment Council. Yu holds a PhD in Finance and various advanced degrees, emphasizing her expertise in asset allocation and portfolio risk management. This move aims to enhance WSFS's offerings in alternative investments and private markets.

Positive

• Appointment of Jasmine Yu, an expert with over 20 years of experience.
• Yu's leadership is expected to drive innovation in investment strategies.
• Yu's background includes key roles at major financial institutions like Bank of New York Mellon and Bank of America Merrill Lynch.
• Yu’s expertise in asset allocation and portfolio risk management is a strategic advantage.
• Focus on elevating offerings in alternative investments and private markets.

Negative

• No specific mention of immediate financial benefits or impact on revenue.
• Potential risks associated with strategic changes in investment strategy.

WILMINGTON, Del.--(BUSINESS WIRE)-- WSFS Financial Corporation (Nasdaq: WSFS), the parent company of Bryn Mawr Capital Management, is pleased to announce the hire of Jasmine Yu as Senior Vice President and Chief Investment Officer, reporting to Jamie Hopkins, Senior Vice President, CEO of Bryn Mawr Capital Management and Director of Private Wealth Management for Bryn Mawr Trust.

Yu will lead the Investment Strategy and Solutions team towards delivering exceptional outcomes for clients, driving innovation, and providing cutting-edge thought leadership in the investment landscape.

“This marks an exciting chapter in our organization’s journey as we proudly welcome Jasmine to our team. With her extensive expertise and vision, we are confident she will steer our investment strategies, platform, and offering towards new heights, delivering unparalleled solutions and value to our clients,” said Hopkins. “Together, we look forward to pioneering innovative approaches to investing while honoring what has been proven to work. Our commitment to our clients is to help them on their journey and provide the best investment experience possible.”

“I am thrilled to embark on this journey with such a dynamic and forward-thinking organization, one with a rich history of success and a steadfast commitment to excellence,” said Yu. “I am especially excited about the opportunity to elevate our offerings in alternative investments and private markets with increased sophistication.”

Yu is a seasoned expert in investment management with over two decades of experience. Working in leadership roles at Bank of New York Mellon, Bank of America Merrill Lynch, Global Wealth and Retirement Services, and Abu Dhabi Investment Council, she has demonstrated expertise in asset allocation, portfolio risk management, and investment strategies across multiple asset classes.

Prior to joining WSFS, Yu was Managing Director, Head of Global Manager Research at Bank of New York Mellon Wealth & Investment Management. There, she led a team responsible for sourcing, evaluating, selecting, and monitoring investments across multiple asset classes. Throughout her career, Yu developed and implemented investment strategies, managed multi-asset portfolios and conducted and published research.

Jasmine mentors for the 30% Club Mission Gender Equity Program. She served as an Advisory Board member for Institutional Investor, Sub Advisory Institute. Alongside her extensive career in New York City, she possesses a wealth of experience gained during her tenure in prominent global centers like London and Abu Dhabi.

Yu earned a PhD in Finance from EDHEC Business School, a Master of International Affairs in International Finance and Business from Columbia University, a Master of Business Administration in Financial Management and Information Systems from Pace University and a Bachelor of Arts in English Literature from Zhongshan University.

About WSFS Financial Corporation
WSFS Financial Corporation is a multibillion-dollar financial services company. Its primary subsidiary, WSFS Bank, is the oldest and largest locally headquartered bank and trust company in the Greater Philadelphia and Delaware region. As of March 31, 2024, WSFS Financial Corporation had $20.6 billion in assets on its balance sheet and $80.5 billion in assets under management and administration. WSFS operates from 114 offices, 88 of which are banking offices, located in Pennsylvania (57), Delaware (40), New Jersey (14), Florida (1), Nevada (1) and Virginia (1) and provides comprehensive financial services including commercial banking, consumer banking, treasury management and trust and wealth management. Other subsidiaries or divisions include Arrow Land Transfer, Bryn Mawr Capital Management, LLC, Bryn Mawr Trust^®, The Bryn Mawr Trust Company of Delaware, Cash Connect^®, NewLane Finance^®, Powdermill^® Financial Solutions, WSFS Institutional Services^®, WSFS Mortgage^®, and WSFS Wealth^® Investments. Serving the Greater Delaware Valley since 1832, WSFS Bank is one of the ten oldest banks in the United States continuously operating under the same name. For more information, please visit www.wsfsbank.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240605972945/en/

Andrew Davison

(215) 309-1064

adavison@wsfsbank.com

Source: WSFS Financial Corporation

FAQ

What role has Jasmine Yu been appointed to at Bryn Mawr Capital Management?

Jasmine Yu has been appointed as the Senior Vice President and Chief Investment Officer.

What is Jasmine Yu's background in finance?

Jasmine Yu has over two decades of experience in investment management with leadership roles at Bank of New York Mellon, Bank of America Merrill Lynch, and Abu Dhabi Investment Council.

How will Jasmine Yu’s appointment impact WSFS Financial 's investment strategies?

Yu's leadership is expected to drive innovation in investment strategies and enhance offerings in alternative investments and private markets.

When was Jasmine Yu's appointment announced by WSFS Financial ?

The appointment was announced in the press release dated October 2023.

What are Jasmine Yu's academic qualifications?

Jasmine Yu holds a PhD in Finance, a Master of International Affairs in International Finance and Business, an MBA in Financial Management and Information Systems, and a BA in English Literature.