UMB Financial Corp. gathered a lot of attention recently when Chairman Mariner Kemper said the bank has been combining departments and laying off executives in an effort to create efficiency.
Specifically, Kemper said the UMB Retail Banking Department was combined with the Wealth Management Department under one executive team. The company also combined the Consumer and Private Wealth units into one division called Personal Banking. Finally, he said the Institutional Asset Management and Institutional…
UMB Financial Corp. gathered a lot of attention recently when Chairman Mariner Kemper said the bank has been combining departments and laying off executives in an effort to create efficiency.
Specifically, Kemper said the UMB Retail Banking Department was combined with the Wealth Management Department under one executive team. The company also combined the Consumer and Private Wealth units into one division called Personal Banking. Finally, he said the Institutional Asset Management and Institutional…