DETROIT/March 26, 2003 - Comerica Bank and Ryan Beck & Co., Inc., a full-service broker dealer, today announced an alliance to provide Comerica’s professional trustee services to Ryan Beck clients.
The alliance with Comerica enables Ryan Beck Financial Consultants to offer their clients a complete array of fiduciary services, including personal trust, estate settlement and institutional trusts. With this alliance, the more than 500 Financial Consultants with Ryan Beck & Co. will further enhance Comerica’s extensive distribution channel.
"We’re excited to join with the Financial Consultants at Ryan Beck to offer their clients fiduciary services," said Bob Sajdak, Senior Vice President of Comerica. "We like the growth and investment expertise at Ryan Beck, and are looking forward to a long-term relationship."
"Comerica’s expertise will enable us to meet our clients’ needs for professional trust services," said John Wyllys, Executive Vice President at Ryan Beck. "We have worked diligently to ensure that we truly provide the ‘best of breed’ services available, and the Comerica alliance is evidence of this. The new products and services we can now offer will play an important role in helping our Financial Consultants develop enduring relationships with their clients."
Comerica will support the growing footprint of Ryan Beck, which currently has 35 offices, primarily on the East Coast.
Comerica Bank & Trust, N.A. is a subsidiary of Comerica Incorporated (NYSE: CMA), a multi-state financial services provider headquartered in Detroit, with bank subsidiaries in Michigan, California, and Texas, banking operations in Florida, and businesses in several other states. Comerica has an investment services affiliate, Munder Capital Management, commercial banking operations in Canada and a commercial banking subsidiary in Mexico.
Ryan Beck & Co., Inc., a subsidiary of BankAtlantic Bancorp, Inc. (NYSE: BBX) provides financial advice and innovative solutions to individuals, institutions and corporate clients through 35 offices in 13 states. For individual investors, the firm’s Private Client Group provides a full range of financial services, including investment consulting, retirement plans, insurance and investment advisory services. Institutional clients benefit from the market making, underwriting and distribution activities of the firm’s experienced Capital Markets Group, which encompasses equity and fixed income trading, fixed income products, institutional sales and research. Through its Investment Banking Groups, Ryan Beck provides consulting and financial advisory services to corporate clients, primarily financial institutions and middle market companies. Ryan Beck’s experience in this area is acknowledged industry-wide. Ryan Beck has more than 140,000 accounts with over $18 billion in client assets.
Comerica Media Contact:
Sara Snyder
(313) 222-9617
slsnyder@comerica.com
Ryan Beck Media Contact:
Gordon Andrew
Gordon Andrew & Associates
609) 987-0200
