US-based commercial bank Flagstar Private Bank has launched two wealth-planning services, Family Advisory, Trusts, and Estate Planning, as well as Insurance, as part of its ongoing investment in private client and wealth management.
The bank has appointed Carly Doshi as executive vice president and head of Family Advisory, Trusts, and Estate Planning service.
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Doshi will advise clients on matters such as income and estate planning, wealth transfer, philanthropy, family governance, family office advisory, and financial planning.
Irene Bowers Blumberg has been appointed as Insurance executive vice president and head and will oversee and expand the insurance product suite.
Flagstar Bank commercial and private banking SEVP, president Rich Raffetto said: “By expanding our wealth capabilities with experts like Irene and Carly and building on significant leadership investments made earlier this year—including appointing Mark Pittsey to lead Flagstar’s Private Banking and Wealth Management organisation and Brett Mitstifer as chief investment officer—we’re strengthening our foundation to serve the full spectrum of clients’ business and personal needs.
“These appointments reflect our commitment to investing in our people and capabilities to deliver a relationship-centred client experience.”
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By GlobalDataFlagstar Private Bank has also introduced a regional operating model with coverage across the Northeast, Southeast, and West regions.
These three sector-focused verticals target legal and professional services, community markets, and innovation and private markets.
Angelo Galati will lead legal and professional services, Steve Rochlin will lead innovation and private markets, and Meyer Eichler will lead community markets.
In the Northeast, Flagstar has a significant presence in the New York metropolitan area, including a new private client office at 320 Park Avenue.
The bank appointed Charlie Ryan, Richard Petrosky, and Michele Celestino as regional co-heads to lead client coverage in this market.
In addition, Flagstar is expanding its presence in Florida and California, with a new office in Palm Beach and plans for a San Francisco location in 2026.
The bank will appoint additional region heads for these markets.
