KeyBank scores major win with 5 family office pros

KeyBank has strategically expanded its services by adding a five-person family office and private capital team, led by Ward Nixon, to target ultra-wealthy families and private equity investors. This move aims to capture the growing family office market, which requires specialized banking services beyond traditional wealth management. While unlikely to dramatically alter near-term financial catalysts for KeyCorp (NYSE: KEY), this expansion is part of the bank’s broader strategy to enhance its middle-market franchise and differentiate itself in a competitive market.