Bank of America Private Bank is pleased to announce the hiring of three seasoned private banking professionals, based in the Red Bank and Princeton markets, reporting to Kathryn Carlson, Private Bank Market Executive for the State of New Jersey.

In addition, in early August a new Bank of America Private Bank office will open in Red Bank at 141 West Front Street. The new office and the new hires emphasize the firm’s commitment to Red Bank and to serving clients at the local level.

Robert Marrone has joined as a Managing Director, Private Client Advisor, based in Red Bank, New Jersey. Marrone leads a group of specialists in wealth planning, banking, risk management and investment management. His specialty is in assisting clients with building, managing, preserving and ultimately transferring their wealth. Previously, he spent 15 years at Wells Fargo Private Bank.

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Michael Erskine has joined as a Senior Vice President, Private Client Advisor. Erskine will also be based in Red Bank, and will focus on entrepreneurs, business owners, real estate professionals, senior executives and their families, helping them grow, preserve, and transfer their wealth more effectively. Previously, he spent 7 years at Wells Fargo Private Bank, helping to meet the wealth management needs of high net worth clients.

Thomas Applegate has joined as Senior Vice President, Portfolio Manager, based in Princeton, New Jersey and working with the Red Bank office. With more than 25 years of experience in the investment and financial services industry, Applegate is skilled at representing complex investment and financial concepts to a wide range of audiences.  Within Bank of America, he constructs and manages investment portfolios designed to help clients meet their financial and lifetime goals.

“The increased demand for investments, lending, philanthropic and estate planning solutions in the Red Bank and Princeton Markets, present a great opportunity for growth as we expand our client business in New Jersey.  We will continue to add resources, while investing in seasoned talent and are excited to have Rob, Michael and Thomas join our team”, said Jose Tavarez, Managing Director, Tri-State Divisional Executive

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