CLEVELAND, Nov. 9, 2018 /PRNewswire/ -- KeyBank Institutional Advisors, a division of Key Private Bank has been named the "Most Innovative Manager of 2018" by Fundmap's Institutional Asset Management Awards from a shortlist of six firms serving the North American institutional market. This award honors Key Private Bank as best-in-class for innovation in servicing the needs of foundations and endowments with more than $1 billion in assets over the past 12 months. Criteria for this distinction include commercial success and business growth, demonstration of product innovation, as well as positive client feedback.
"This award is a testament to our institutional services team, our legacy of serving institutional and non-profit clients, and our rich history of supporting and addressing their evolving needs," said Terry Jenkins, president of Key Private Bank.
"We are honored to win this award in a category that reflects the strategy we set forth for our clients and also includes established firms with a long tradition in this industry," said Cathy O'Malley Kearney, head of KeyBank Institutional Advisors.
The Institutional Asset Management Awards are designed to recognize the superior firms serving the North American institutional market. The winners were selected by an independent panel of buy-side judges who cast votes for the top managers and consultants serving three different classes of investors: foundations and endowments (F&Es) with more than $1 billion in assets, F&Es with under $1 billion in assets, and pension plans.
About KeyBank Institutional Advisors
KeyBank Institutional Advisors, a division of Key Private Bank, serves nonprofits, defined benefit plans, corporations, government agencies and Tribal Nations providing advisory, investment management, trust administration, customized credit and banking services. KeyBank Institutional Advisors has $9.7 billion AUM and $34.5 billion in AUA at September 30, 2018.
About Key Private Bank
Key Private Bank is a leading provider of wealth management solutions and advice for high-net worth, ultra-high-net worth and institutional clients, including wealth advisory, investment management, trust administration, customized credit, family office and private banking services. Key's wealth management platform combines the market insights of local advisors with a national team of wealth and investment strategists to deliver proactive, customized advice and solutions. With $40.6 billion in AUM and $41.1 billion in AUA at September 30, 2018, Key Private Bank's wealth management platform is delivered across 15 states served by KeyBank N.A.
KeyCorp's (KEY) roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $138.8 billion at September 30, 2018. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,100 branches and more than 1,500 ATMs. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com/. KeyBank is Member FDIC.
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