November 4, 2019 – Carol Hartman, former managing partner and global financial services practice leader for DHR International has founded a new search firm, Hartman Group Consulting, based in the San Francisco Bay area. The firm recently completed its first search, placing the new president of PENSCO Trust, a non-depository trust company and subsidiary of Opus Bank.
Hartman Group provides executive search services with a strategic, client-focused approach. In addition to identifying and recruiting top talent, the firm develops talent acquisition strategies to build diverse, inclusive teams at the board and C-suite levels; continues to deliver notable, market shifting team lift-outs and expansion strategies; consults with leadership teams and board directors on topics like succession planning, competitive intelligence and compensation; and delivers a strategic, client-centered experience completely differentiated from large search firms.
Ms. Hartman is an executive recruiting strategist and a recognized leader in helping companies achieve their business objectives in the U.S. and abroad. With more than 20 years of executive search experience, she works with companies to develop talent acquisition strategies and place candidates with a diverse range of expertise and backgrounds in executive-level and board positions.
Ms. Hartman previously served six years with DHR, focusing on capital markets, asset management, regional and private banking, mortgage, risk/compliance, payments/financial tech and retirement income. She also has worked with private equity, insurance, real estate and start-up companies. Ms. Hartman was often retained to help clients in other industries recruit senior financial officers and board members. In 2009, she joined Caldwell Partners from a boutique firm she founded 15 years prior.
Before becoming an executive search consultant, Ms. Hartman held positions with Oppenheimer’s ALM Group, Kidder Peabody, Dean Witter Capital Markets and Sutro & Co, which provided her with a strong management background and a deep understanding of institutional fixed income and equities, corporate finance, plus investment products. This has proven valuable when consulting with clients about competitive intelligence, market trends and dynamics, positions in their companies, and search strategy.
Firm’s First Placement
In Ms. Hartman’s firm’s first placement, Richard J. Immesberger, a 30-year trust and wealth management veteran, joins PENSCO Trust as president. He succeeds Curtis A. Glovier, who resigned in August. Mr. Glovier will continue to serve as chairman of the PENSCO board of directors through year-end.
Mr. Immesberger will be based in PENSCO’s Denver office.
“We are thrilled to have an experienced trust and wealth management executive of Rich’s caliber join PENSCO,” said Paul Taylor, president and chief executive officer of Opus Bank. “We believe he is the right person to lead and grow our PENSCO business.”
Mr. Immesberger most recently served as national head of trust and estate services for BMO Harris Bank, as well as chairman and CEO of BMO Delaware Trust Company. Previously, he was president of UBS Trust Company and executive vice president, trust and wealth management, for WSFS Bank. Mr. Immesberger will be based in PENSCO’s Denver office.
Alternative Asset Custodians
“I am excited to bring my 30 years of experience to PENSCO, one of the largest and most established alternative asset custodians in the business,” said Mr. Immesberger. “I look forward to working with the talented leadership team to grow this amazing business.”
Founded in 1989, PENSCO Trust Company helps investors use their retirement account funds to invest in real estate, private equity and other non-exchange traded assets. PENSCO has over $14.0 billion in assets and nearly 47,000 client accounts. The company works with financial institutions, capital raisers and financial advisors, as well as self-directed investors who typically have a point of view about alternative investments based on their own knowledge or expertise and want to put their tax-advantaged retirement dollars to work in these opportunities.
Opus Bank is an FDIC insured California-chartered commercial bank with $7.9 billion of total assets, $5.9 billion of total loans and $6.2 billion in total deposits. Opus Bank provides commercial and retail banking products and solutions to its clients in western markets from its headquarters in Irvine, CA and through 47 banking offices, including 28 in California, 16 in the Seattle/Puget Sound region in Washington, two in the Phoenix metropolitan area of Arizona and one in Portland, OR.
Contributed by Scott A. Scanlon, Editor-in-Chief; Dale M. Zupsansky, Managing Editor; and Stephen Sawicki, Managing Editor – Hunt Scanlon Media