Old National Shuffles Wealth Management Leadership
Event summary
- Old National Bancorp names Katie Florig as President and Tom Weizenegger as Chief Investment Officer of its 1834 wealth division.
- 1834 manages $41 billion in assets under management and offers boutique-style wealth advisory services.
- Florig previously served as 1834 Regional Executive for the Chicagoland region.
- Weizenegger was promoted from Managing Director of Investment Management at 1834.
The big picture
Old National's leadership changes in its 1834 wealth division reflect a commitment to succession planning and organizational alignment. The moves come as the firm competes in a crowded wealth management landscape, where boutique-style services are increasingly in demand. With $41 billion in assets under management, the division's performance will be a key indicator of Old National's ability to attract and retain high-net-worth clients.
What we're watching
- Strategic Growth
- How Florig's leadership will drive the strategic growth of Old National's wealth advisory and trust and estate business.
- Investment Strategy
- Whether Weizenegger can sustain and enhance the firm's investment guidance across asset allocation, manager research, and security selection.
- Client Outcomes
- The pace at which the new leadership can deliver exceptional outcomes for high-net-worth clients and institutions.