July 27, 2012
--- Union Bank in San Francisco appointed Dennis
J. Mooradian as president and chief executive of HighMark Capital Management
Mooradian had been executive vice president and head of wealth
markets; in his new role he will also serve as chairman of the board of directors
of HighMark Capital Management, the bank’s asset management subsidiary. The
appointment is effective August 1.
Mooradian succeeds Earle A. Malm, HighMark’s president and
CEO, who joined HighMark in 2002. Malm announced his retirement and will stay
on in an advisory role through September.
“Over the past decade, the HighMark funds have been
acknowledged by Morningstar, accorded Lipper Fund Awards, and included in Barron's list of the top 10 performing
mutual fund families,” Mooradian said. “In just the past 12 months, our mutual
fund sales have more than doubled while the funds themselves have achieved
placement on more than 12 recommended lists at major national brokers/dealers.
These are impressive achievements led by Earle and his team. We greatly
appreciate his numerous contributions to HighMark over the past decade.”