STREET MOVES: Bank Of America's US Trust Hires Wealth Managers

Date : 06/08/2010 @ 4:46PM
Source : Dow Jones News
Stock : Wilmington Trust Corp. (DE) (WL)
Quote : 4.45  0.0 (0.00%) @ 2:05AM

STREET MOVES: Bank Of America's US Trust Hires Wealth Managers

Bank of America (NYSE:BAC)
Historical Stock Chart

5 Years : From Jul 2012 to Jul 2017

Click Here for more Bank of America Charts.

Bank of America Corp.'s (BAC) U.S. Trust unit appointed six senior-level wealth managers, including new hires from U.S. Bancorp (USB), Citigroup Inc. (C) and Wells Fargo & Co. (WFC), expanding its presence in several key regions.

The new hires, all filling newly created positions, join U.S. Trust, nearly three weeks after the firm said it plans to hire more than 200 new bankers and advisers this year.

The Charlotte, N.C. banking giant's ultra-high-net-worth business hired Tom Finney from Wilmington Trust as Baltimore market director. Finney, a 25-year industry veteran, will report to U.S. Trust Managing Director for the Mid-Atlantic region, Gary Gore.

Prior to joining U.S. Trust, Finney worked at Wilmington Trust Corp. (WL) for eight years.

U.S. Trust also bolstered its San Diego operations, naming U.S. Bank veterans Jan Carmen to be a private client adviser, while Kevin Hilderman was named private client manager.

"These two associates bring the number of top advisers U.S. Trust West Division has hired this year to nearly 20," West Division Executive Thong Nguyen said in a statement.

Other new hires include Kevin Ta from Wells Fargo Private Bank as a market trust director and Ned Muskie as a private client adviser in the Washington, D.C., Maryland and Virginia market.

Additionally, Susan Gumbiner joined U.S. Trust in Houston as a senior portfolio manager. Previously, she worked at Citigroup for more than four years, most recently as a director and investment strategist.

U.S. Trust, part of Bank of America's Global Wealth & Investment Management unit, reported $309 billion in client balances as of the end of the first quarter, up 4% from a year ago. As of March 31, the firm had 140 offices in 32 states and 2,197 client-facing professionals, down slightly from 2,226 a year ago.

-By Brett Philbin, Dow Jones Newswires; 212-416-2173; brett.philbin@dowjones.com

 
 

Latest WL Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.