Treasurer SpotlightCareer MovesAward winning Huntington Bank hires new President for Asset Services Inc.

Award winning Huntington Bank hires new President for Asset Services Inc.

Jeff Young has assumed the President position at the asset management arm of Huntington Bank.

With 25 years of experience in financial services and 5 years of experience in a senior leadership position at Huntington Asset Services Inc. (HASi), Jeff Young has assumed the President position at the asset management arm of Huntington Bank.

As President, Young will continue to improve the company’s fund administration and custody business and will expand on his skills in these areas. Jim Dunlap, the senior executive vice president and regional banking and private client group director reiterated Young’s ability to drive more growth into the business and said that “Young is a strong leader able to drive even more growth for our asset servicing and custody business.”

Young is replacing Joe Rezabek who left the position to lead a privately held firm also based in Columbus, Ohio.

Young joined HASi in 2010 after his previous role of managing director for Ohio-based wealth management firm and registered investment advisor, WealthStone. Before this, he also held a top position at BISYS Fund Services where he was responsible for product development, transfer agency and strategic planning.  Here, he also served on the Board of Trustees of The Coventry Group and The Coventry Funds Trust, as well as being involved in a number of mutual fund families.

Young excelled in his senior position and passionately believes in the bank that he said “gives us a strong capital structure,” which has allowed the company to “invest in people and industry-leading technologies” and “led to expanded capabilities and enhanced services and distribution for our clients.”

For 50 years, HASi has provided mutual fund and administrative services for clients enabling them to focus on growing their assets and managing their money. HASi also offers other services such as fund administration, compliance and custody for clients with combined assets of more than $45 billion.

Last week, Greenwich Associates awarded Huntington Bank two awards for ‘Middle Market Treasury Management Overall Satisfaction’, therefore, the internal hire of Young is a move which could help to uphold standards for the ever-growing company.

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