U.S. Bank has added a new wealth advisor, trust officer and senior portfolio manager to its wealth management team in Minneapolis. All three hires joined the Private Client Reserve, the bank’s high-net-worth business unit.

Steve Kelleher joined the team as a wealth management advisor from U.S. Trust, where he was a senior vice president and private client manager responsible for the acquisition of new clients and the development of existing relationships. In his new position, Kelleher will provide clients with integrated investment services, U.S. Bank said.

Jeff Schell was hired as a trust officer to provide trust administration services to high-net-worth individuals, families and charitable organizations. He previously served as the personal trust relationship manager for the Private Client Group, U.S. Bank’s mass-affluent business unit.

Sam Somuri joined the team as a senior portfolio manager, a position where he will be responsible for developing and implementing customized investment portfolios for the Private Client Reserve’s high-net-worth clients. He was previously a director at Allianz Life Financial Services, and prior to that, he led the asset manager selection, investment research and relationship management for the $22 billion platform at Jackson National Life. He has more than 20 years of experience in investment management, sales, relationship management and marketing, according to U.S. Bank.

The new hires follow the addition of a senior portfolio manager and a trust officer to the team in March.

The Private Client Reserve defines high-net-worth clients as individuals, families and foundations with more than $1 million in investable assets. It is part of U.S. Bank’s Wealth Management Group.

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