First Republic Hires U.S. Trust Veteran

First Republic Bank, a private banking and wealth management services firm, announced Thursday Philip Hill has joined First Republic Private Wealth Management in San Francisco as a portfolio manager and managing director.

Hill was a senior vice president and portfolio manager for U.S. Trust, a unit of Bank of America. Before that, Hill worked for the Savant Group and Rankling Futures and Options.

First Republic Private Wealth Management provides trust, investment management and brokerage services, to high net worth individuals and families, foundations, endowments and non-profits.

Hill is one of a number of senior investment professionals First Republic has hired in San Francisco, Southern California, Boston, Portland and New York in the past six months. The company is expanding in an effort to meet increased demand from clients for wealth management services throughout its markets.

Hill, who has 13 years of financial services experience, is part of First Republic Investment Management, which works with clients to develop investment management solutions. First Republic’s client portfolios include both traditional portfolio management and also can use third-party products for equity, fixed income, and alternative investments.