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.
About UnionBanCal Corporation & Union Bank, N.A.Headquartered in San Francisco, UnionBanCal Corporation is a financial holding company with assets of $87.9 billion at June 30, 2012. Its primary subsidiary, Union Bank, N.A., is a full-service commercial bank providing an array of financial services to individuals, small businesses, middle-market companies, and major corporations. The bank operates 402 branches in California, Washington, Oregon, Texas, New York and Illinois, as well as two international offices. UnionBanCal Corporation is a wholly-owned subsidiary of The Bank of Tokyo-Mitsubishi UFJ, Ltd., which is a subsidiary of Mitsubishi UFJ Financial Group, Inc. Union Bank is a proud member of the Mitsubishi UFJ Financial Group (MUFG) (NYSE:MTU), one of the world’s largest financial organizations. Visit http://www.unionbank.com for more information. UnionBanc Investment Services LLC is a registered broker-dealer, investment advisor, member FINRA/SIPC, and subsidiary of Union Bank, N.A. UnionBanc Insurance Services is a division of Union Bank, N.A., California State Insurance License No. 0817733. Non-deposit investment products available through UnionBanc Investment Services LLC or UnionBanc Insurance Services: are NOT bank deposits; are NOT obligations of, or guaranteed by, Union Bank, UnionBanc Investment Services LLC or any subsidiary or affiliate; are NOT insured or guaranteed by the FDIC or by any other government agency; involve investment risk, including the possible loss of principal; annuities are products of and offered exclusively by the insurance industry. UnionBanc Investment Services may offer certain bank-issued products that are insured by the FDIC within permitted limits. Photos/Multimedia Gallery Available: http://www.businesswire.com/cgi-bin/mmg.cgi?eid=50390199&lang=en