Peapack Private Appoints Vanessa Tortorice as Senior Managing Director to Drive New York Market Growth

Peapack-Gladstone Financial Corporation and its division Peapack Private have appointed Vanessa Tortorice as Senior Managing Director at their New York City location, a strategic move to bolster commercial and industrial business growth in the competitive New York market. Tortorice brings 12 years of financial services experience, with her client-focused approach aligning with Peapack Private's commitment to providing tailored banking solutions for long-term financial objectives. This appointment highlights the company's dedication to expanding its presence in one of the world's leading financial centers.

Prior to joining Peapack Private, Tortorice served as Vice President and Senior Business Banker at M&T Bank, where she managed high-net-worth client portfolios and demonstrated exceptional relationship stewardship that contributed significantly to revenue growth. Earlier in her career, she was Vice President of Business Banking at Capital One, consistently surpassing net portfolio loan and deposit growth objectives and ranking in the top 10% nationally for client acquisition and relationship management. Her educational background includes studies at the University of Rome in Italy and the College of Staten Island CUNY, with a focus on Liberal Arts, providing a diverse foundation for serving Peapack Private's clientele.

The appointment is particularly significant given Peapack-Gladstone Financial Corporation's strong financial position, with total assets of $6.51 billion and assets under management and/or administration of $11.5 billion as of June 30, 2024, providing a solid foundation for New York market expansion. Peapack-Gladstone Bank, founded in 1921, has built its reputation on client-centric banking, while the Peapack Private division focuses on comprehensive financial, tax, fiduciary, and investment advice for individuals, families, privately held businesses, family offices, and not-for-profit organizations. This move comes as personalized banking services for high-net-worth individuals and businesses are increasingly in demand, with Tortorice's portfolio management expertise expected to help capture a larger market share in New York City.

As financial landscapes evolve following global economic challenges, the expertise of seasoned professionals like Tortorice becomes increasingly valuable for navigating complex environments and delivering tailored solutions. Her ability to establish new banking alliances and manage client relationships aligns with Peapack Private's commitment to helping clients maintain and expand their financial legacies. The company's expansion strategy in New York reflects broader industry trends toward specialized services for affluent clients, with Tortorice's appointment positioning Peapack Private to compete more effectively in this segment. For more information, visit https://www.pgbank.com and https://www.peapackprivate.com.