Peapack-Gladstone Financial Corporation Strengthens Wealth Management Division with Key Hire

Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have announced the addition of Greg Allison to their wealth management division as a senior managing director and portfolio manager. Allison's extensive experience in both public and private markets, along with his proficiency in financial analysis, research, trading, and operations, positions him as a valuable asset to the Summit wealth office. This strategic hire comes as Peapack Private Bank & Trust, with total assets of $7.2 billion and assets under management and/or administration of $12.3 billion as of June 30, 2025, continues to expand its wealth management division.

Allison's career includes significant roles at J.P. Morgan Private Bank in Austin, Texas, where he managed ultra-high-net-worth client relationships, and at Austin Asset, where he led a centralized investment team overseeing assets exceeding $1.3 billion. His previous position as director of portfolio management at RegentAtlantic (Corient) involved managing over 1,500 clients and assets under management exceeding $6 billion, showcasing his capability to handle diverse and complex investment portfolios. This depth of experience is particularly important for financial institutions seeking to strengthen their competitive position in the wealth management sector, where client expectations for sophisticated portfolio management continue to rise.

A graduate of Texas Tech University with a Bachelor of Science in personal financial planning, Allison is a Certified Financial Planner™ Practitioner and holds SEI, Series 7, and 65 licenses. His involvement with the Texas Tech Personal Financial Planning Alumni Association and the Travis County Parks Foundation highlights his commitment to professional and community service. The bank's focus on providing customized and innovative solutions to individuals, families, and organizations aligns with Allison's expertise in developing and managing world-class investment solutions. For more information about the bank's services, visit https://www.peapackprivate.com.

The hiring of Allison represents a strategic move by Peapack-Gladstone Financial Corporation to enhance its wealth management capabilities at a time when demand for sophisticated financial planning services continues to grow. His background in managing substantial assets for ultra-high-net-worth clients positions the bank to better serve clients with complex financial needs. This appointment signals the bank's commitment to expanding its wealth management division through the recruitment of experienced professionals who can deliver comprehensive financial solutions. The implications extend beyond the immediate addition of talent, potentially influencing the bank's ability to attract and retain high-value clients in a competitive financial services landscape.

Financial institutions increasingly recognize that experienced portfolio managers with proven track records in managing substantial assets are essential for maintaining growth in the wealth management sector. Allison's combination of technical expertise, professional credentials, and practical experience managing multi-billion dollar portfolios makes him particularly valuable to Peapack Private Bank & Trust's strategic objectives. The bank's ongoing expansion of its wealth management division reflects broader industry trends where regional banks are strengthening their offerings to compete with larger national firms. This development matters because it demonstrates how financial institutions are strategically investing in human capital to enhance service delivery and competitive positioning in the evolving wealth management marketplace.