Strategy

New Jersey Bank Offers Family Office Services Through Partnership

Harriet Davies Editor - Family Wealth Report 8 January 2013

New Jersey Bank Offers Family Office Services Through Partnership

Center Bancorp, the bank holding company which owns Union Center National Bank, is partnering with Alexander, Troy & Company to add a range of family office services to its private banking division.

New York-based AT&C provides administrative, concierge and household management services to wealthy families. It was founded by Peter Chryssos, a former vice president and private banker at Chemical Bank and Chase Manhattan Bank, in 1989.

Chryssos’s firm will work with the bank’s clients, expanding the range of services offered through UCNB’s private banking division.

The bank is headquartered in New Jersey and counts Bergen, Morris, and Union Counties as its primary market area. Its private bank and wealth management division includes Center Financial Group. It also has strategic partnerships with Compass Financial Management and ING, through which it offers pension/401(k) and planning services.

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