Business

UMB’s deSilva steps down, to exit next year

UMB Financial executive and civic leader Peter deSilva has stepped down as president and chief operating officer of the Kansas City-based banking company and will leave early next year.

Chief executive Mariner Kemper has become the company’s president, the company announced Monday.

DeSilva had been president and chief operating officer since January 2004. The company said deSilva will remain vice chairman of UMB Bank, a post that he gained last year, to help with the transition.

There was no announcement about deSilva’s plans. He could not be reached for comment.

“Peter has been the consummate brand ambassador for UMB,” Kemper said in the company’s announcement. “He has been instrumental in cultivating countless valued customer relationships — and he is passionate about fostering an unparalleled, engaged employee culture.”

Before joining UMB, deSilva had been with Fidelity Investments from 1987 to 2004. He was senior vice president during his last seven years at Fidelity, overseeing its brokerage operations.

At UMB, deSilva oversaw operations of the company’s fee-generating businesses. The list includes its Scout Investments, whose key international mutual fund had seen significant customer withdrawals. He also was over its Healthcare Services business and UMB Fund Services, which had been growing.

The banker has also contributed significantly in civic duties, including the Greater Kansas City Chamber of Commerce and the YMCA of Greater Kansas City.

Mark Davis: 816-234-4372, on Twitter @mdkcstar

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