U.S. Banks high-net-worth wealth management unit has lured an investment professional from J.P. Morgan Private Bank to develop and supervise investment management business throughout the West region.
Jeffrey Kravetz was named regional investment manager for the West region of the banks Private Client Reserve unit. He is based in Scottsdale, Ariz.
In addition to his role developing business in the region, Kravetz is a senior member of U.S. Bank Wealth Managements Asset Management Group, assisting in the development and implementation of investment policies, capabilities and resources nationwide, U.S. Bank said in a press release.
At J.P. Morgan Private Bank, Kravetz was responsible for managing more than $600 million in investment assets. Prior to joining J.P. Morgan, he held investment management positions in the Phoenix area with both Northern Trust and Arthur Anderson Financial Advisors, and in New York with Chase Private Banking.
In addition, the Private Client Reserve snatched wealth advisor Amy Kane from J.P. Morgan Private Bank in Chicago. Kane joined the Reserve as a senior family wealth advisor in Denver.
The Reserve also tapped talent from Citi, luring vice president Christopher Turoci to join as a wealth management advisor in Los Angeles. Prior to Citi, Turoci was a managing director for the private investment bank, C. K. Cooper & Co., where he created the high-net-worth advisory and corporate services groups.
The 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. Banks Wealth Management Group.