U.S. Banks high-net-worth wealth management unit is sticking to its strategy despite a sudden change in leadership at the top.
We are not taking any abrupt turns, Mike Ott, the units new president, said in a recent telephone interview. Ott stepped into his new role in late October after Michael Boardman, the former president of the banks Private Client Reserve unit, accepted a position as CEO of Chase Wealth Management at JPMorgan Chase.
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