U.S. Bank has snagged a senior trust professional from Bank of America to fill the post as personal trust managing director for the banks Private Client Reserve high-net-worth business in Seattle.
Andrea Kaempf will lead the personal trust team in Washington State, U.S. Bank said in a press release.
Before joining The Private Client Reserve, Kaempf served in numerous leadership roles with Bank of Americas philanthropic management practice and most recently served in a senior fiduciary capacity with the banks U.S. Trust division in the Seattle and Bellevue, Wash., markets.
In addition, the Reserve hired a former executive of Wells Fargo Private Bank as a senior private banking officer in San Francisco. Scott Wiley will help high-net-worth individuals and families with their private banking needs.
Lastly, the Reserve hired a senior portfolio manager in Minneapolis. Steven Hobbs, formerly a senior portfolio manager at U.S. Trust, will develop customized investment portfolios for the firms high-net-worth clients.
The Private Client Reserve defines high-net-worth clients as those with more than $1 million in investable assets. It is part of U.S. Banks Wealth Management Group.
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