The Board of Directors of TriState Capital Holdings, Inc. announced its decision to name James F. Getz as Executive Chairman and appoint Brian S. Fetterolf as President and Chief Executive Officer, effective Jan. 1.
Getz has served as Chairman, President and CEO of TriState Capital since he founded the company in 2007. As Executive Chairman, he will continue to lead the Board of Directors and support strategic business development activities for the company’s bank and investment management businesses. Getz will also continue to serve as Chairman of the company’s TriState Capital Bank and Chartwell Investment Partners subsidiaries.
“Since 2009, Brian has played an instrumental role in the formation of our strategic plans, the buildout of our differentiated financial services business model, the recruitment of top talent and the strengthening of our entrepreneurial culture that is focused on our clients’ success and shareholder value creation,” said Getz. “Developing one of our own to assume the day-to-day leadership of this organization has long been a top priority for myself and the Board, and over the last 12 years Brian has earned our complete confidence, as he and the entire management team of highly experienced financial services and public company executives take what we’ve created to the next level of success, for the benefit of our clients, shareholders and employees.”
“TriState Capital’s success so far is built on Jim’s leadership, vision for the vast potential in our niche markets, relentless focus on execution, commitment to assembling the very best talent in the business, and prioritization for the health and well-being of each person on our team,” Fetterolf said. “On behalf of the incredible group of professionals here at TriState Capital, I want to say that it is a privilege that we get to work with Jim, as well as with each other, as we continue building on our very strong foundation. I’m honored to serve TriState Capital’s team, clients, investors and other stakeholders in this additional role, and I am grateful to have the support of Jim’s continued counsel and friendship.”
In addition to assuming his new leadership role on Jan. 1, Fetterolf will continue to serve as a director of the company; President, CEO and a director of its TriState Capital Bank subsidiary; Vice Chairman and director of its Chartwell Investment Partners subsidiary; and President of its Chartwell TSC Securities Corp. broker-dealer subsidiary that facilitates the wholesale marketing of Chartwell Funds.
Fetterolf was named president of TriState Capital Bank in 2015 and CEO of the subsidiary in 2017. Since joining TriState Capital in 2009, his other leadership roles over the last 12 years included serving as its Chief Risk Officer and General Counsel.
As previously disclosed, Raymond James Financial, Inc. and TriState Capital Holdings have entered into a definitive agreement under which Raymond James will acquire TriState Capital Holdings in a combination cash and stock transaction expected to close in 2022, subject to customary closing conditions, including regulatory approvals and approval by TriState Capital Holdings shareholders. As the companies announced on Oct. 20, TriState Capital is expected to continue operating as a separately branded firm and as a stand-alone division and independently chartered bank subsidiary of Raymond James, with the current leadership team and all associates remaining in existing office locations to support TriState Capital’s continued growth and high service levels.