Emigrant Bank has appointed Tyler Kelley as managing director, the latest in a series of strategic hires aimed at building a comprehensive family office platform for ultra-high-net-worth clients and the independent advisory firms it supports. Kelley, who reports to Liz Nesvold, vice chair of Emigrant Bank, chair of Emigrant Partners and executive chair of Emigrant Family Office, brings more than two decades of experience in wealth management, strategic advisory, operations and enterprise development.
Kelley's career includes roles as chief operating officer and partner at Evoke Advisors, and more than 15 years at Bel Air Investment Advisors, where he rose to chief operating officer and senior managing director. He began his career as an investment banker at Goldman Sachs and later worked in strategic planning at AECOM. He holds a bachelor's degree with honors from the University of Southern California and was a Henry R. Luce Foundation Scholar.
In his new role, Kelley will work across Emigrant's specialized business units to strengthen connectivity, identify strategic opportunities and support the build-out of its family office offering. He will also serve as a strategic resource to the Emigrant Partners team, according to the firm.
Kelley's appointment is part of a broader leadership and acquisition strategy Emigrant has pursued over the past year. In May 2024, the bank named Mark Rogozinski as managing director and head of family office services, a newly created position. Rogozinski, who arrived from Cresset Capital Management, now serves as president of Emigrant Family Office. The following month, it welcomed Kenneth Eyler, a managing director with more than 30 years of experience in single- and multi-family office operations, who also joined from Cresset.
In March 2025, Emigrant Bancorp announced it had agreed to acquire a majority interest in Fortis Management Group, a Boston-area firm specializing in non-investment family office services. The deal formed the cornerstone of Emigrant Family Office, a newly launched division designed to deliver specialized non-investment services such as financial reporting, cash management, family governance, and coordination across tax, trust and estate planning to ultra-wealthy families and the RIAs looking to serve them without building their own infrastructure.
Howard Milstein, chairman and chief executive of Emigrant Bank, has framed the cumulative effort as the fulfillment of a long-term institutional vision. “For decades, we have built a broad set of specialized capabilities to serve the increasingly complex needs of wealthy families,” Milstein said at the time of the Fortis announcement. “Emigrant Family Office brings these capabilities together into a single, coordinated platform.”
The family office push comes as wealth events drive family offices toward institutional governance, according to a recent Morgan Stanley report. Emigrant's strategy aligns with a broader trend of ultra-high-net-worth families shifting from private banks to independent multi-family offices.
