Will oversee all client service and business development activities at one of the first independent trust companies in the U.S.
HOUSTON (January 14, 2014) – Kanaly Trust, LTA announced today that Drew Kanaly was appointed President of the firm and will be assuming expanded responsibilities overseeing all client service and business development activities firm-wide. Drew will continue to serve as a primary contact for many long-standing client relationships while also maintaining his existing duties serving as Chairman of the Board for Kanaly Trust.
Drew Kanaly is a son of Deane Kanaly, who founded this Houston-based company in 1975, and has spent more than 30 years working with his family to build this business.
“This is a significant and timely action for several reasons,” said Kanaly CEO Bill Rankin. “Almost exactly one year ago, new investors were found to support a long-term growth plan for Kanaly. We aim to extend the firm’s reach serving new clients with the same integrity and fidelity dating back to our beginning. Drew’s willingness and ability to take on these expanded duties within the cornerstone of our plan will speak loudly to everyone. Looking forward, this will allow me to focus my attention more fully on upcoming strategic initiatives and other operating responsibilities.”
In this expanded role, Drew Kanaly will oversee a proven team of relationship managers, strategists, estate administration and special asset specialists, as well as business development professionals, working together as a cohesive team.
Drew Kanaly said, “This move reinforces Kanaly’s core commitment to its clients – to serve them as trusted advisors without conflict, to help them better plan and manage their financial lives, and to bring to them a comprehensive approach to meeting their needs throughout a lifetime, as we have for nearly 40 years.”
Jeff Kanaly will continue to serve as Vice Chairman & Chief Financial Officer and will actively work with Bill Rankin on a number of strategic opportunities and initiatives. Jeff said, “This is an exciting time for Kanaly as a firm. During the past year we have built a foundation for 2014 and beyond. For us, success means building a firm with the capital and resources to reliably serve the needs of our client families for the next generation. This is what my family expects from us, and this is what our clients are counting on as well.”
“We are justifiably proud of our client-centric culture and stand squarely behind this commitment going forward,” said Rankin. “Working closely with Drew and Jeff, Kanaly’s management team will continue to devote time and resources to bring a richer array of investment and family advisory solutions to our clients.”
About Kanaly Trust, LTA
Kanaly Trust is a comprehensive wealth management firm managing and advising over $2 billion of assets. Based in Houston, the firm was founded in 1975 by Deane Kanaly. Since its founding, Kanaly has been committed to serving clients as their trusted advisor providing a full array of investment, financial & estate planning, and trustee services. For more information, visit www.kanaly.com.