UMB Bank Colorado Hires New Asset Management President

UMB Bank Colorado, n.a. is pleased to announce the expansion of its Asset Management team in the Colorado market. Maureen K. Barker has joined the company as president of UMB Asset Management – West. Additionally, John Trujillo II has joined the company as vice president and senior portfolio manager and Norm Close has joined as vice president and trust advisor. Both Trujillo and Close are Denver natives and report to Barker. As the first UMB Asset Management executive in Colorado, Barker is responsible for growing and developing the UMB Asset Management market in Colorado and Phoenix. Barker will manage a team of Asset Management officers in both markets, serving as president of the divisions and as sales director. "Maureen brings invaluable experience to UMB with her familiarity and success in serving the high-net-worth client in Denver,” said Jon Robinson, president of UMB Bank Colorado. "Her industry background and leadership will be instrumental in both serving and growing our client base in these regions.” Barker comes to UMB with almost 30 years of experience in the financial services industry. She recently served as senior vice president at Wells Fargo in Denver. There she managed a team of bankers in the Business Banking - Professional Services Group. Her responsibilities included supervising the team’s portfolio, recruitment and team development, in addition to serving as chair of the Wells Fargo Art Contribution Committee. A Denver native, Barker is actively involved in the community and dedicates her time to many charitable organizations. A past president of the Rotary Club of Lower Downtown Denver, she currently serves as the club’s president and as the District’s Community Service Chair. Barker is also a member of the Board and the assistant treasurer of The Hundred Club of Denver, which provides financial assistance to surviving families and dependents of first responders who lose their lives in the line of duty. Barker’s other community service activities include serving as past trustee of the Denver Academy and past board director of the Denver Dumb Friends League. Trujillo brings extensive experience in trust, endowment, fiduciary, IRAs and foundations, which he will use to build customized investment portfolios for UMB Asset Management clients. Trujillo will also perform personalized investment reviews with each client and generate new business for the market. Trujillo comes to UMB from SunTrust Bank in Tampa, Fla. While there, he managed up to $325 million in assets and was responsible for the asset allocation of each account. Trujillo holds a Bachelor of Science degree in finance from the University of Denver and an MBA from the University of South Florida. Close brings more than 33 years of experience in the Denver market to UMB, with specialties in family wealth management and inter-generational will and trust planning. As vice president and trust advisor, Close will handle trust plan development, trust administration and family business plan development. Prior to joining UMB, Close served as vice president of Trust for the Bank of Cherry Creek for seven years. There he supervised trust development and administration, while specializing in charitable trusts. Close is actively involved in the Denver community, serving as board member and treasurer of the Colorado Planned Giving Roundtable. He has also served as board member and is the current treasurer for the American Lung Association of Colorado. Additionally, Close is one of the founders of the Denver Family Business Roundtable, a study group of family business advisors and consultants. UMB Financial Corporation (NASDAQ: UMBF) is a multi-bank holding company headquartered in Kansas City, Mo., offering complete banking, asset management, health spending solutions and related financial services to both individual and business customers nationwide. Its banking subsidiaries own and operate 136 banking centers throughout Missouri, Illinois, Colorado, Kansas, Oklahoma, Nebraska and Arizona. Subsidiaries of the holding company and the lead bank, UMB Bank, n.a., include an investment services group based in Milwaukee, Wis.; single-purpose companies that deal with brokerage services and insurance, and registered investment advisors for proprietary mutual funds.