Ken Savio joined IDB Bank, a New York-based private and commercial bank, as president and CEO of IDB Capital, IDB Bank’s broker-dealer subsidiary. As CEO, Savio will oversee the growth of IDB Capital as the bank expands its wealth management business. He will also serve as a member of the IDB senior management team and will report to Ziv Biron, IDB Bank’s president and CEO.
A seasoned leader with more than 25 years of experience in the financial services industry, Savio has successfully led several broker-dealer entities, most recently serving as CEO of Olivetree Financial Group’s U.S. business. In this role, he was responsible for regional management and development of the firm’s U.S. equities business as well as expanding the firm’s US growth strategy. Prior to his tenure at Olivetree, he held similar senior management roles at Macquarie, Cantor Fitzgerald and Bear Stearns & Cos.
“We are thrilled to bring Ken on as IDB Capital’s CEO,” Biron said. “Ken’s extensive leadership experience and deep industry knowledge will be invaluable in driving our wealth management business as we continue to bring forward leading capabilities to serve our clients.”
“IDB Capital’s impressive growth continues to showcase the invaluable importance of relationship-first practices in financial services,” Savio said. “Our clients believe strongly in our customer-first focus, and IDB Capital is no exception. I’m excited to join the team and bring my own experience to the table as we grow the business together and continue furthering IDB’s vision and promise to make wealth management personal.”
