Peapack-Gladstone Financial Corporation and Peapack Private Bank & Trust have appointed Elizabeth "Liz" Martone as Senior Managing Director, Group Director, operating from the bank's Park Avenue office in New York City. This appointment represents a strategic investment in leadership talent for the New Jersey-based financial institution as it seeks to enhance its presence in the competitive New York wealth management sector.
Martone brings 25 years of financial services experience to her new role, where she will serve as part of James Handal's leadership team. Her background includes most recently serving as Senior Vice President, Commercial Private Banking at BankUnited in Melville, NY, where she led a team focused on enhancing client experience and cultivating business opportunities among high-net-worth individuals, companies, and referral networks. Prior to that, she served as Managing Director at The Montauk Group, where she helped develop and implement comprehensive global banking relationship management strategies.
The importance of this appointment lies in the competitive landscape of private banking and wealth management services in New York City, where institutions compete for high-value clients. Martone's proven track record in building and managing client relationships, driving business development, and enhancing operational efficiency positions Peapack Private to potentially expand its market share. Her experience spans multiple financial institutions, including earlier positions as Vice President at Herald National Bank, Capital One, and North Fork Bank, providing her with diverse perspectives on client service and banking operations.
For clients and the broader financial industry, this leadership addition signals Peapack Private's commitment to strengthening its service offerings in a key market. The bank, which reported total assets of $7.4 billion and assets under management and/or administration of $12.9 billion as of September 30, 2025, emphasizes a client-centric approach to banking. Martone's role will likely influence how the bank delivers its comprehensive financial, tax, fiduciary, and investment advice to individuals, families, privately held businesses, family offices, and not-for-profit organizations. More information about the bank's services is available at https://www.peapackprivate.com.
The original announcement was published on https://www.newmediawire.com. This executive appointment reflects ongoing competition among financial institutions for experienced leadership talent capable of navigating complex client relationships in the wealth management sector. As banks seek to differentiate themselves through personalized service and comprehensive solutions, strategic hires like Martone's can impact client retention, business growth, and operational effectiveness in an increasingly competitive financial services environment.
