Peapack Private Appoints Ana Parra as Senior Managing Director, Group Head of Private Equity

MANHATTAN, NEW YORK (USA), 6 OCTOBER 2026 —

Peapack Private Bank Strengthens High-Net-Worth Banking with Ana Parra’s Leadership Appointment as Senior Managing Director

Peapack-Gladstone Financial Corporation (NASDAQ: PGC), the New Jersey-based bank holding company with $8.0 billion in total assets and $13.9 billion in assets under management, has appointed Ana Parra as Senior Managing Director and Group Director of Peapack Private Bank & Trust, effective immediately.

Based in the bank’s Manhattan Park Avenue office, Parra will oversee the financial needs of ultra-high-net-worth individuals, families, family offices, and privately held businesses, while leading a dedicated team delivering bespoke private banking solutions.

The appointment underscores Peapack Private’s strategic push to deepen its presence in global wealth management, particularly in the U.S. and Asia-Pacific markets, where demand for customized financial advisory, legacy planning, and cross-border banking remains robust. Parra’s arrival follows the bank’s recent expansion into luxury asset financing, including its 2026 entry into the yacht financing sector, signaling a broader ambition to serve affluent clients with high-touch, niche financial services.

Parra brings over 35 years of experience in private banking, relationship management, and wealth advisory, with a career spanning IDB Bank, Signature Bank, Republic National Bank, HSBC, and Manhattan Savings Bank. At IDB Bank, where she served as Vice President and Private Banker, she managed a $300 million portfolio of high-net-worth clients, specializing in deposit, credit, liquidity, treasury, and wealth management solutions.

Her tenure included retaining and expanding client relationships through a client-centric, advisory-driven approach, a model Peapack Private aims to replicate in its Manhattan and regional operations.

Her earlier roles at Signature Bank and HSBC further solidified her expertise in customized banking solutions for affluent clients, while her decade-long stint at Manhattan Savings Bank provided foundational experience in branch banking and account management. Peapack Private’s leadership has emphasized that Parra’s proven track record in relationship banking aligns with the bank’s legacy-focused, personalized service model, particularly as it seeks to compete with global private banks in attracting Asian and Middle Eastern ultra-high-net-worth families.

The move comes as Peapack-Gladstone continues to expand its wealth management division, which offers comprehensive financial, tax, fiduciary, and investment advisory services to individuals, family offices, and privately held businesses. The bank’s $13.9 billion in assets under management as of June 30, 2026, reflects its growing influence in private banking, though it remains a mid-tier player compared to giants like JPMorgan Private Bank or UBS.

Analysts note that Parra’s appointment could accelerate client acquisition in key markets, particularly if the bank leverages her network of high-net-worth relationships from her IDB Bank tenure.

For Malaysian and regional investors, Peapack Private’s expansion into luxury asset financing and private banking leadership may signal opportunities in cross-border wealth management, particularly as Asian families increasingly seek U.S.-based banking solutions for dollar-denominated assets, estate planning, and alternative investments. The bank’s entry into yacht financing—announced in September 2026—further highlights its focus on high-value, niche financial products, which could attract Malaysian and Southeast Asian clients with offshore wealth.

Peapack-Gladstone’s NASDAQ-listed status (PGC) also provides transparency and liquidity, making it a potential acquisition target or partner for regional financial institutions seeking U.S. private banking expertise. The bank’s client-centric approach and legacy-focused wealth management may resonate with Malaysian family offices and ultra-high-net-worth individuals looking to diversify assets beyond local markets.

The appointment of Ana Parra marks a strategic reinforcement of Peapack Private’s private banking division, with her decades of experience in high-net-worth advisory poised to drive growth in a competitive global market. The bank’s next steps will likely include expanding its Asia-Pacific outreach, leveraging Parra’s international client networks to attract cross-border wealth management business.

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