Bank of the West is gearing up to augment the Wealth Management Group’s personal trust and estate planning expertise. The bank announced today that it has hired Scott Cripps as the group’s chief fiduciary officer. In this role, Cripps will oversee the group’s fiduciary responsibilities to affluent and high-net-worth clients to ensure that all activities on their behalf are in their best interest. The role is fairly common to banks that have trust businesses, a company spokesperson said.
Cripps has held senior leadership and advisory roles in trust, tax, and estate planning. He has worked in the wealth management banking and brokerage industries as well as the accounting field. His past positions include serving as chief fiduciary officer for Citizen Bank’s wealth management business and holding senior trust, tax and estate planning advisory services roles at Charles Schwab & Co, Grant Thornton and the The Private Trust Company.
“With our clients’ personal trust needs growing more complex, we are pleased to have a professional with Scott’s experience to guide our efforts,” John Bahnken, head of the bank’s Wealth Management Group and senior executive vice president, said in a statement.
The staff addition follows the appointment of John Morris as head of the group’s investment products offering in March.
Bank of the West Wealth Management is part of BNP Paribas’ global wealth management business, which has nearly $10 billion in assets under management in the United States and $322 billion in assets under management globally.