Jeff Palmese is a Senior Vice President and Private Client Manager with Bank of America Private Bank in New York, New York. Jeff oversees the coordination and execution of a preeminent experience for the team’s ultra-high-net-worth clientele, allowing them to focus on their personal and professional priorities. Keenly attuned to the needs and interests of accomplished families, he marshals the resources of his team, the Private Bank, and the wider enterprise, facilitating the delivery of integrated strategy, advice, and intensive service.
Jeff appreciates the distinctive needs of business owners, company founders, senior executives, hedge fund and private equity principals, and art collectors. An attentive listener, he takes the time to gain a clear understanding of each family’s situation, building a team of specialists around each client to advance steady progress. Jeff also collaborates closely with his team’s Private Client Advisors, as well as a client’s external tax and legal intermediaries, maintaining effective communication on shared initiatives.
Prior to joining Bank of America Private Bank, Jeff spent five years with the Key Private Bank, where he was a Senior Vice President and Family Office Director. In this capacity, he led the coordination, delivery, and implementation of family office services and strategies for the firm’s ultra-high-net-worth clients. Earlier, Jeff spent 12 years at Tommy Hilfiger’s family office—T Capital Management/Sandbridge Capital. In that role, he focused on portfolio management across a variety of asset classes, worked closely with several privately-held portfolio companies, helped prepare the family for generational wealth transfer, and facilitated philanthropic activities and gifting. Jeff began his wealth management career in 2000 with Citigroup Private Bank, where he focused on the needs of families, foundations, and endowments.
Jeff earned his B.A. in Business Administration from Villanova University and his MBA from the University of Maryland. He holds the Chartered Financial Analyst® (CFA®) designation and is an active member of the CFA® Society of New York.
A resident of Westchester County, New York, Jeff and his wife have two sons. In his free hours, Jeff volunteers as a coach for his sons’ youth sports teams and enjoys spending time with family and friends.
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For more than 200 years, Bank of America Private Bank has helped clients navigate the complex challenges of managing significant wealth. We draw on the Private Bank's personalized approach, as well as the resources of Bank of America, to help individuals and familieis, businesses, and institutions achieve their financial objectives. Whether you're looking to preserve and share wealth, build philanthropic legacies or plan future growth, our commitment is to making your goals our priotity. At Bank of America Private Bank, we take pride in our history and in serving our clients' best interest. We also value the continual pursuit of innovation in a constantly transforming world. We apply this perspective to help our clients anticipate and respond to evolving markets, changing environments and the growing complexities of the financial landscape. Mindful of the past, our focus in on providing today's clients with disciplined financial strategies and a bridge across generations.