Fast-growing Signature Bank in New York announced Thursday that it has opened a new office in Manhattan and recruited a team of bankers from HSBC USA to join one of its private-client banking offices in Queens.
In a news release, Signature also said that it has hired two former Capital One Bank lenders and an additional HSBC veteran in offices in Melville, N.Y., Manhattan and the Bronx.
The moves are consistent with the bank's strategy of expanding largely by hiring teams of bankers from rival banks that come with established books of business. Founded in 2001, Signature now has more than $13 billion of assets.
The new office in midtown Manhattan is its ninth in the borough and 25th in the New York metropolitan market.
The largest expansion is at the branch in the Long Island City neighborhood of Queens, where it has added six former HSBC bankers. Joseph Alexander and John Kourkoutis were hired as group directors and senior vice presidents, Sonia Lugo and Stephen Morisi were named associate group directors and Sherry Slatten and Ravi Persaud were named senior client associates.
Additionally, Signature has named Edward Docherty, formerly of Capital One, to its commercial real estate banking team at its in Melville; hired Michael Narciso, also formerly of Capital One, as a group director and senior vice president at one of its Manhattan offices; and brought in John Sibiski, formerly of HSBC, as a group directors at Signature's Hunts Point office in the Bronx.
