U.S. Bank has added two new staff members to its high-net-worth business in Minneapolis. Paul Springmeyer joined the banks Private Client Reserve unit as a senior portfolio manager and John Ostrand joined as a trust officer, the bank announced today.
Stringmeyer will provide clients with integrated investment services, while Ostrand will administer trusts of high-net-worth clients with more than $1 million in investable assets.
Stringmeyer was previously a portfolio strategist for U.S. Bancorps Asset Management Group, where he was responsible for the firms research and due diligence of approved investment vehicles. He has more than 16 years of investment experience, according to U.S. Bank.
Ostrand joins from U.S. Trust, where he worked as a senior trust officer, portfolio manager and wealth advisor in the firms Minneapolis office. He also spent a number of years as a branch manager with Charles Schwab & Co. in St. Paul.
U.S. Bank is a subsidiary of U.S. Bancorp, a Minneapolis-based bank holding company with $354 billion in assets. The Private Client Reserve is part of U.S. Banks Wealth Management Group.