UMB Financial appointed Phil Mason to the role of president of institutional banking and chose Brian Hutchin to fill Mason’s prior role as director of UMB Healthcare Services.
As president of institutional banking, Mason will oversee UMB’s activities across corporate trust and agency services, institutional custody, fund services, the capital markets division, investor banking services and healthcare services.
“Phil is the ideal leader to continue our strong momentum in the institutional space,” Jim Rine, president and CEO of UMB Bank, said. “In his past role as chief operations officer for institutional banking and more recently leading our healthcare business, Phil has launched multiple businesses and initiatives that are now significant contributors to fee income, deposit growth and competitive differentiation. Phil will now apply these outstanding strategy and leadership talents to the entire division as he continues to drive growth in this part of our business.”
Mason, an 18-year veteran of UMB, has worked with UMB’s institutional banking leadership team for multiple years.
“Clients can expect seamless continuity and continued strategic counsel across all our verticals,” Mason said. “Look for us to bring new initiatives that extend our services even further as we continue to focus on best-in-class offerings.”
Hutchin is a longtime UMB employee. He’s held multiple leadership roles in commercial banking and institutional banking during the past 16 years. Most recently, Hutchin worked with Mason as UMB Healthcare Services’ director of national sales and strategy.
“Brian has been critical in cementing UMB Healthcare Services’ presence in the consumer-directed healthcare accounts space,” Mason said. “The strategy he has established is enabling us to effectively expand our position as a provider of choice, driving additional bank deposits while maintaining the service our clients expect.”