The MFO arm of the private banking group has brought in a senior manager who has, among other roles, worked in the family office of Tommy Hilfiger.

Key Family Wealth, the multi-family office division of Cleveland, Ohio-based Key Private Bank, has named Jeff Palmese as family office director for the East Region. He is based in KPB’s Midtown office in New York City and reports to Doug Banbury, head of Key Family Wealth Investments.

Palmese is responsible for serving Key Private Bank’s ultra-high net worth families. Working closely with Key Private Bank teams in the East, he will have primary responsibility for coordinating a family’s entire advisory team to ensure the consistent day-to-day delivery of all services and the implementation of the family’s strategy. 

With almost 20 years of experience working with UHNW individuals and families, Palmese most recently spent 11 years at Tommy Hilfiger’s family office (T Capital Management). Palmese began his career at The Citigroup Private Bank. He earned his bachelor of arts degree in business administration from Villanova University and a master of business administration from the University of Maryland. He holds the Chartered Financial Analyst designation and is an active member of both the CFA Society of New York and OPUS Connect.

Key Family Wealth oversees more than $13 billion in assets under management. As reported in December last year, this MFO division of Key Private Bank expanded its team with the addition of Doug Haack, Jennie Tyndall, and Brecken Diller to create a greater presence serving the most complex ultra-high net worth families in the West region.