As U.S. Trust continues pursuing its mission to expand its leadership position in wealth management and enhance its business with ultra-high-net worth clients, the firm announced on Tuesday that it appointed five senior-level wealth management experts to key markets across the U.S.
U.S. Trust, Bank of America Private Wealth Management, an affiliate of the Global Wealth & Investment Management unit of Bank of America [BAC], plans on hiring over 200 people in 2010 in order to expand its wealth management team, a spokesperson said. U.S. Trust is responsible for $308 billion in client assets and employs more than 4,000 professionals in 140 offices in 32 states, the company said in a press release.
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