All that time in her mother's office has paid off for Stasia Washington, recently appointed a vice president for wealth management at Union Bank of California.
A second-generation banker, Washington recalled her visits to Security Pacific Bank as being instrumental in her decision to follow her mother's footsteps.
Washington, who joined the Union Bank from Northern Trust, where she marketed its services to high net-worth clients, will try to extend her group's relationships with heads of private banks, estate attorneys and CPAs. "My work is defined by the client's need," she said.
Wealth management, now being offered at many financial institutions, is an option provided with private banking and trust services to individual families and non-profit agencies with at least $1 million worth of investment assets.
In her new role, Washington will act as a coordinator between the wealth management group, which handles client accounts, and the managing directors for trust, private banking and investment management units of the bank.
Her charge is to develop a strategy to promote the services to help expand the client base.
She also serves on the professional advisory board of the Motion Picture of Association of America Foundation and the board of visitors for the Claremont Graduate University School of Religion.
In 2003, she received the Los Angeles Chapter of the NAACP's Outstanding Leadership Award. Earlier, the late Rep. Julian C. Dixon granted her a Certificate of Special Congressional Recognition in honor of her work in economic development.
Before joining Northern Trust, she was community investment advisor at the Federal Reserve Bank of San Francisco and had worked at Sanwa Bank of California and Security Pacific Bank.
Washington, 43, was born in Dallas and raised in Carson. Married with three children, she now lives in Baldwin Vista and plays golf in her free time.
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