This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Michael Mortensen (Photo: Business Wire)

Stocks in this article: MTU

Union Bank, N.A., today announced that Michael Mortensen has joined the company’s brokerage subsidiary, UnionBanc Investment Services, LLC. (UBIS), as chief executive officer. Mortensen, who had an 18-year career with Pittsburgh-based PNC Investments, LLC and PNC Brokerage, most recently served as president and chief executive officer of PNC Investments, the full-service, retail brokerage division of the PNC Financial Services Group.

Michael Mortensen (Photo: Business Wire)

Michael Mortensen (Photo: Business Wire)

He reports to Union Bank Executive Vice President and Head of Wealth Markets Dennis J. Mooradian, who also serves chairman, president and chief executive officer of HighMark Capital Management, Inc., Union Bank’s asset management subsidiary.

“We are very pleased that Mike has joined Union Bank after two decades of solid sales, service and executive leadership experience in the broker-dealer industry,” said Mooradian. “We are excited about the ability to leverage Mike’s experience to help us grow and strengthen our important wealth-related lines of business.”

Mortensen joined PNC in 1994 as a market director, and was appointed president and chief executive officer of the retail brokerage division in 1997. Prior to joining PNC, he was a regional vice president for Essex Corp., a third-party marketer of financial products for banks. At Essex, he was responsible for overseeing the annuity sales program of First Interstate Bank of California. He began his financial career with Bank of America Securities in San Diego. Mortensen earned his bachelor’s degree in finance from San Diego State University. He holds the following Financial Industry Regulatory Authority, Inc. (FINRA) licenses: series 7, 63, 24, four, 53 and 12.

As the brokerage subsidiary of Union Bank, UBIS provides a broad range of investment and insurance services to individuals, corporations and institutions. UBIS offers a diverse array of investments to match short- and long-term investment goals of its clients, including stocks, fixed income investments, mutual funds, market-linked CDs, annuities, college savings plans, managed account solutions, long-term care insurance, life insurance, and 401(k) plans.

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,778.15 +421.28 2.43%
S&P 500 2,061.23 +48.34 2.40%
NASDAQ 4,748.3960 +104.0840 2.24%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs