Fulton Financial Advisors and Fulton Private Bank Hire Mark Hoffman, Ph.D., CFA, as Chief Investment Officer
May 01 2023 - 2:00PM
Business Wire
Responsible for investment strategy of
wealth business with $14 billion in assets under management
Fulton Bank, a subsidiary of Fulton Financial Corporation
(NASDAQ: FULT), announced that it has hired Mark Hoffman, Ph.D.,
CFA, as Chief Investment Officer for Fulton Financial Advisors and
Fulton Private Bank.
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Mark Hoffman has joined Fulton Financial
Advisors and Fulton Private Bank as Chief Investment Officer.
(Photo: Business Wire)
With nearly two decades of experience in asset management and
strategy, Hoffman will be responsible for investment strategy
focusing on strategic and tactical asset allocation, manager
selection, and due diligence.
“We are excited to welcome Mark as our Chief Investment Officer
and member of our leadership team,” said David B. Hanson, Chief
Executive Officer of Fulton Financial Advisors. “He brings a wealth
of experience in investment management, as well as visionary
leadership that will support our ongoing growth and our focus on
serving as trusted advisors for our clients.”
Hoffman worked most recently as Managing Director, Head of
Portfolio Management for PNC Asset Management Group, where he
oversaw teams responsible for providing guidance on implementing
PNC’s recommended asset allocations, derivative strategies, direct
indexing, and trade execution. Prior to that, he served as Head of
Alternative Investments at PNC, working closely with institutions
and high net worth families to implement hedge fund and private
equity allocations in their portfolios. Earlier in his career, he
was a research analyst at two hedge funds, 683 Capital and Caxton
Associates, after working as a Senior Associate at McKinsey &
Company.
Hoffman is a Chartered Financial Analyst and a member of the CFA
Society of Philadelphia. A graduate of Yale University, he earned a
bachelor’s degree in astronomy and astrophysics. He also holds a
master’s degree in physics from Cambridge University and a
doctorate in physics from the University of Chicago.
Fulton Financial Advisors provides investment services for
individual and commercial clients, as well as trusts and non-profit
organizations. It has approximately $14 billion in assets under
management and operates through Fulton Bank, N.A.
About Fulton Bank, N.A.
Headquartered in Lancaster, Pa., Fulton Bank is a premier
community bank in the Mid-Atlantic region. As a subsidiary of
Fulton Financial Corporation, a $27 billion financial services
holding company, Fulton Bank offers a broad array of products and
services at more than 200 financial centers across Pennsylvania,
New Jersey, Maryland, Delaware, and Virginia. At Fulton Bank, we
seek to change lives for the better by building strong customer
relationships, providing significant community support and
empowering more than 3,300 employees to do the same. Through the
Fulton Forward® initiative, we’re helping build vibrant
communities. Learn more at www.FultonBank.com.
Securities and Insurance products are not a deposit or other
obligation of, or guaranteed by the bank or any affiliate of the
bank; are not insured by the FDIC or any other state or federal
government agency, the bank or an affiliate of the bank; and are
subject to investment risk, including the possible loss of
value.
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Steve Trapnell 717-291-2739
Fulton Financial (NASDAQ:FULT)
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