U.S. Bank is ramping up its high-net-worth wealth management business in Florida with the addition of three industry veterans to the Private Client Reserve in Palm Beach and Naples.
Nicholas Pollard joined the Palm Beach office as senior vice president and private banking manager. The 22-year veteran of the wealth advisory industry will provide specialized lending services and oversee the day-to-day management of financial activities for high-net-worth clients, the bank said in a press release. Pollard was previously with Northern Trust, where he served as senior vice president and managed the private bank in Palm Beach.
Gwendolyn Boykin, also from Northern Trust, joined the Palm Beach team as senior vice president and senior trust officer to provide trust and estate administration services to high-net-worth individuals, families and charitable organizations. She has more than 30 years of experience advising clients on financial and business matters, according to U.S. Bank.
In Naples, Fla., The Private Client Reserve hired Jack Randall as senior vice president and wealth management advisor to develop and implement customized investment strategies and plans for high-net-worth individuals and families. He was previously director of Abbott Downings Naples office, where he managed client relationships within the Southeast region. Randall has more than 40 years of financial planning and wealth management experience.
Minneapolis-based U.S. Bank is a subsidiary of U.S. Bancorp, a bank holding company that had $352 billion in assets as of September 30. The Private Client Reserve is part of U.S. Bank Wealth Management.