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.”