Zions Bancorp Taps First Republic Vet to Lead Wealth Management

Event summary

  • Mike Selfridge joins Zions Bancorporation as Executive Vice President and Head of Wealth Management, effective June 1, 2026.
  • Selfridge previously served as Head of Client and Family Office Solutions at Bessemer Trust and held a senior role at First Republic Bank, overseeing private banking and wealth management for high-net-worth clients.
  • Zions Bancorporation reported $89 billion in assets and $3.4 billion in revenue as of December 31, 2025.
  • Selfridge’s prior role at First Republic Bank involved managing wealth management solutions for ultra-high-net-worth clients and overseeing approximately 300,000 households.

The big picture

The appointment of Mike Selfridge signals Zions Bancorporation's intent to aggressively grow its wealth management business, a sector increasingly critical for regional banks seeking to diversify revenue streams and attract high-net-worth clients. His experience at Bessemer Trust and, crucially, First Republic, suggests a focus on sophisticated family office services and a willingness to challenge established players. The move comes as wealth management firms face pressure to demonstrate value and adapt to evolving client needs and regulatory landscapes.

What we're watching

Integration Risk
Selfridge’s experience is heavily weighted towards servicing ultra-high-net-worth clients; Zions’ broader regional focus may require him to adapt his approach and integrate new strategies across a diverse client base.
Growth Strategy
The stated goal of expanding Zions’ wealth management platform will hinge on Selfridge’s ability to identify and capitalize on opportunities within the West, potentially through acquisitions or organic growth initiatives.
Competitive Landscape
Given Selfridge’s background at First Republic, Zions will face increased scrutiny regarding its ability to compete effectively in the high-end wealth management space, particularly as First Republic continues to rebuild its presence.

Related topics

Financial Services Banking Revenue