TBS News

Total Bank Solutions Insured Deposit Sweep Business Positioned for Continued Growth with Key New Hires

HACKENSACK, N.J., March 22, 2017 (GLOBE NEWSWIRE) — Total Bank Solutions, LLC (TBS), a privately held financial technology firm located in Hackensack, NJ, announces the appointment of two key executives to support the firm’s growth initiatives.

Ray Connery, a sales industry leader in the trust and wealth management space, has been hired as Director, Sales for the Western Region. Additionally, Christopher Klaber, an experienced asset management sales professional, has been appointed as Director, Sales for the Eastern Region. Both individuals will help lead the expansion of the firm’s insured deposit sweep business with banks, trust departments, and other financial intermediaries.

Mr. Connery was previously a Senior Vice President for Reliance Trust Company. He has over 25 years of sales experience in the financial services industry, with a keen focus on trust and wealth management. Prior to that, Mr. Connery was a sales leader with BNY Mellon.

Mr. Klaber brings 20 years of business development experience to RIAs, Bank-Trusts, and other financial intermediaries. Mr. Klaber recently departed Reich & Tang where he was a key leader in developing their Bank-Trust Channel. Prior to that, Mr. Klaber spent over 10 years in business development with BlackRock and nearly five years at Vanguard.

“We are very excited to have both Ray and Chris join our team. Given our focus on trust and wealth management, adding sales professionals with the knowledge and industry experience that they both possess is invaluable to meeting the needs of our clients. We look forward to their continued success,” said Kevin Bannerton, Partner at Total Bank Solutions.

Total Bank Solutions, currently with assets under administration approaching $50 Billion, was founded in 2004 to serve the needs of banks and financial intermediaries. Leveraging proprietary technology, the TBS FDIC Insured Deposit Program (IDP) is designed to provide clients with the benefit of extended FDIC insurance, and for participating banks, a stable, diversified, and cost-effective source of deposit funding.

Through TBS Bank Monitor, we also offer clients the ability to conduct surveillance of all FDIC insured institutions. TBS Bank Monitor provides enterprise grade analytics and privileged process support for risk surveillance, compliance testing, and investment research through an online subscription service.

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Media Contact:
Tricia Boman
Total Bank Solutions
(201) 373-8747