BRADENTON, Fla. - Birmingham, Ala.-based Regions Financial Corp. has hired Janet Ricardo as vice president and senior relationship manager in the bank’s North Carolina corporate trust group.
Before joining Regions, Ricardo was a client and business development manager with Bank of New York Mellon where she administered both municipal and corporate bond issues, as well as custodian transactions and other duties.
Ricardo has more than 33 years of finance experience, including 17 years in corporate trust.
“Regions is thrilled to have Janet join our team,” Barbara Buck, senior vice president and eastern regional manager of corporate trust said in a release. “Her knowledge of the industry and dedication to her clients makes her an invaluable resource to the North Carolina bond community.”
In 2012, Regions was ranked sixth in trust services adding $3.75 billion in new bonds to the bank’s portfolio, according to Thomson Reuters. So far this year, $133.7 million of bonds has been added to the portfolio.
Regions Financial has $121 billion in assets, and is a full-service provider of consumer and commercial banking, wealth management, mortgage, and insurance products in 16 states across the South, Midwest, and Texas.
A year ago, the bank sold off Morgan Keegan & Co., its brokerage and investment banking subsidiary, to Florida-based Raymond James Financial for $1.2 billion in cash.
Regions’ trust and institutional investment-management businesses were not included in the sale, and continue to operate within the bank’s wealth management organization.