RALEIGH, N.C., Jan. 21, 2016 (GLOBE NEWSWIRE) -- First Citizens Bank announced today that it has hired David Zimmerman as president of its registered broker-dealer First Citizens Investor Services, Inc. (FCIS).
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In his role as president, Zimmerman’s responsibilities include overall management, strategy and oversight of a growing regional bank broker-dealer with more than 150 associates including about 60 registered advisors and $6.2 billion in assets under management. He is based at the firm’s headquarters in Raleigh, N.C.
“With his knowledge of the brokerage and financial services industry, David is an ideal leader to help guide FCIS in ways that foster growth and meet the needs of our clients,” said Michael Wilson, First Citizens Wealth Management Executive.
Zimmerman brings outstanding leadership credentials to the role. An industry veteran with more than 30 years of experience, Zimmerman joins First Citizens from Wells Fargo where he served as senior regional brokerage manager for Wells Fargo Advisors in Beverly Hills. He held a variety of senior leadership positions while at Wells Fargo including national sales director for private client services and chief of staff to the president of the Wells Fargo Los Angeles Community Bank. Prior to this, Zimmerman served in key leadership roles at Prudential Securities, RBC Dain Rauscher, Shearson Lehman Brothers and E.F. Hutton.
Zimmerman holds a bachelor’s degree in business administration (finance) from Texas Tech University and a variety of securities licenses and other professional designations.
FCIS is a wholly-owned subsidiary of Raleigh, N.C.-headquartered First Citizens Bank and is a registered SEC broker-dealer and investment advisor. FCIS is a member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC). FCIS offers various brokerage investment products and investment advisory services through the bank’s branch network.
Founded in 1898, First Citizens Bank is the largest family-controlled bank in the U.S., with offices in 18 states. For more information, call toll free 1.888.FC DIRECT (1.888.323.4732) or visit firstcitizens.com. First Citizens Bank. Forever First®.