TriState Capital Holdings in Pittsburgh will soon have a new CEO.
The $12.1 billion-asset company said in a press release Wednesday that Brian Fetterolf will also become its president on Jan. 1. Fetterolf will succeed James Getz, who will remain chairman.
Getz, who has been president and CEO since 2007, will continue to lead the board and support strategic business development activities. Getz will also remain chairman of TriState Capital Bank and Chartwell Investment Partners.
“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,” Getz said in the release.
“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,” Getz added.
Fetterolf already serves as president and CEO of TriState Capital Bank and vice chairman of Chartwell Investment Partners. He is also president of Chartwell TSC Securities.
Raymond James Financial agreed in October to buy TriState Capital in a deal expected to close next year. TriState Capital is expected to operate as a separately branded firm, a stand-alone division and an independently chartered bank unit of Raymond James.