Indiana, Pa., USA - June 15, 2010, Indiana, Pa., USA - S&T Bancorp announced the appointment of Malcolm Polley and David Finui to senior leadership roles for S&T Wealth Management Group.
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Mr. Polley will serve as executive vice president and managing director of S&T Wealth Management Group in addition to his role as president and chief investment officer of Stewart Capital Advisors, a subsidiary of S&T Bancorp.
Mr. Finui will serve as senior vice president and senior wealth management advisor for S&T Wealth Management Group. He was previously the vice president/director of business development, and financial services manager for the group.
Mr. Polley has nearly 25 years of experience in the investment/financial services industry, including almost 10 years of service with S&T Bancorp. Mr. Polley became chief investment officer in 2001 and established investment processes that transformed the department from three employees to nine.
Mr. Polley then led the effort to form Stewart Capital Advisors, LLC, a registered investment advisory subsidiary, and transformed the company's assets under management to approximately $1 billion as of May 31, 2010.
Mr. Polley also spearheaded the development of Stewart Capital Mid Cap Fund, an open-ended mutual fund that grew assets to $20 million in three years and a 4-star Overall Morningstar Rating among 368 mid-cap blend funds for the 3-year period ended May 31, 2010.
Mr. Polley holds a Chartered Financial Analyst® designation and received a BBA in finance from Iowa State University.
Mr. Finui has worked in the investment/financial services industry for more than 30 years. Mr. Finui was senior vice president, chief retail officer and senior wealth management officer at Irwin Bank in June 2008 when Irwin was purchased by S&T Bank.
Mr. Finui was also responsible for a branch network consisting of 10 retail offices, overseeing compliance, growth, sales training and strategic planning. In his new position, he is responsible for the oversight and management of sales and service strategies for S&T Wealth Management Group and S&T Financial Services. ■